Crypto Contest January 2: EOS

EOS (EOSUSD) has broken out of the triangle pattern in the four-hour 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 finished on November 3, 2017, and the red wave two correction ended on November 6, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on December 19, 2017, and the red wave four correction ended on December 22, 2017. If this wave count is correct, EOS should be heading next towards the December 19, 2017 peak in the red wave five.

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

Funnymentals

EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. Here is a short introduction video of EOS.IO.

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

If you think this analysis is correct, upvote this post and upvote the comment "EOS will takeout the December 19, 2017 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "EOS will drop below the December 22, 2017 low".

If you think EOS is in a range, upvote this post and upvote the comment "EOS will stay in a trading range between the December 22, 2017 low and the December 19, 2017 peak until February 2".

You can upvote the comment until 3 PM EST January 3 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.