Crypto Contest December 14: Factom

Factom has broken out of the wedge pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Factom has completed one cycle from the June 17 low in the daily chart. The five wave advance ended on the August 29, and the three wave correction finished on the December 6. If this wave count is correct, Factom should be heading next towards the August 29 peak.

(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Factom is most likely in the wave three (sub-wave iii). The wave one started in December 2015, and finished in March 2016. The wave two correction ended on the June 17.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Factom.

If you think this analysis is correct, upvote this post and upvote the comment "Factom will takeout the September 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Factom will drop below the December 6 low".
If you think Factom is in a range, upvote this post and upvote the comment "Factom will stay in a trading range between the December 6 low and the September 13 peak until January 10, 2017".
You can upvote the comment until 3 PM EST December 15 and you can upvote only one comment. 500% of Steem (5 X 0.091 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.