Crypto Contest December 31: FLO
FLO (Bittrex: FLOUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, FLO began a wave one advance in April 2015. The red wave one finished in June 2015, and the red wave two correction ended in January 2016. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January this year, and the red wave four (blue sub-waves a-b-c) correction ended in November. If this wave count is correct, FLO should be heading next towards the January peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
FLO is a public record for recording history and building decentralized, permissionless applications. You can view their latest live stream below (starts around 18 min.)
(Sources: https://www.flo.cash/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "FLO will takeout the August peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "FLO will drop below the November low".
If you think FLO is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "FLO will stay in a trading range between the November low and the August peak until February 4, 2019".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 3, 2019 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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FLO will takeout the August peak (12 voters as of 3 PM EST January 3: bleujay, bentleycapital, steemquestions, gregory-f, mellofello, steemit.nemesis, allyouneedtoknow, lydon.sipe, ace108, reconnectnature, diogosantos, sporttr).
FLO will takeout the August peak.
Posted using Partiko iOS
You won. Paid out from @maarnio1
FLO will stay in a trading range between the November low and the August peak until February 4, 2019 (7 voters as of 3 PM EST January 3: freiheit50, diana.feuerberg, barbadosso, kunschj, steem-d-anlovnit, jznsamuel, richard78624).
FLO will drop below the November low (5 voters as of 3 PM EST January 3: sqlinsix, votum, vicspics, galasek, mgood).
It looks to me that this might be one of the few, this month, that goes above the mentioned peak...
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