Crypto Contest April 12: EOS

EOS (EOSUSD) 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, EOS began a wave one advance on October 23, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 13 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, EOS should be heading next towards the January 13 peak in the red wave three.

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

Funnymentals

EOS is the most powerful infrastructure for decentralized applications. Boxmining published an EOS update on April 11.

(Sources: https://eos.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will takeout the January 13 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will drop below the March 18 low".

If you think EOS is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will stay in a trading range between the March 18 low and the January 13 peak until May 18".

You can upvote the comment until 3 PM EST April 15 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 (@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.