Crypto Contest February 22: DigiByte

DigiByte (DGBUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, DigiByte began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 6 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, DigiByte should be heading next towards the January 6 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Looking at the weekly chart, I believe DigiByte is currently in the red wave five (blue sub-wave iii). The red wave five began on November 12, 2017.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

The DigiByte Blockchain is the world's longest, fastest and most secure UTXO blockchain in existence. Here is an interview with DigiByte Foundation Ambassador Josiah. The interview was published on February 7 by Patrick Wieland.

(Sources: https://www.digibyte.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "DigiByte will takeout the January 6 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "DigiByte will drop below the November 12, 2017 low".

If you think DigiByte is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "DigiByte will stay in a trading range between the November 12, 2017 low and the January 6 peak until March 25".

You can upvote the comment until 3 PM EST February 23 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.