Crypto Contest December 21: Iconomi

Iconomi (ICNUSD) 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, Iconomi began a wave one advance on October 25, 2016. The red wave one advance finished on February 7 this year, and the red wave two correction ended on March 10. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 22, and the red wave four (blue sub-waves a-b-c) correction ended on November 16. If this wave count is correct, Iconomi should be heading next towards the June 22 peak in the red wave five.

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

Funnymentals

Iconomi is a Digital Assets Management platform. Here is a 13 minute video filmed by Crypto Coin Rockstars on October 29, 2017.

(*Source: YouTube *)

If you think this analysis is correct, upvote this post and upvote the comment "Iconomi will takeout the August 1 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Iconomi will drop below the November 16 low".

If you think Iconomi is in a range, upvote this post and upvote the comment "Iconomi will stay in a trading range between the November 16 low and the August 1 peak until January 21, 2018".

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

You can upvote the comment until 3 PM EST December 22 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 contests right seven times in a row starting from this contest. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.