Crypto Contest May 5: 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 in October 2016. 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 April 1. If this wave count is correct, Iconomi should be heading next towards the January 13 peak in the red wave three.

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

Funnymentals

Iconomi is a digital asset management platform based on Ethereum technology. 2100 NEWS published a video interview with Jure Sutar on May 4.

(Sources: https://www.iconomi.net/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Iconomi 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) "Iconomi will drop below the April 1 low".

If you think Iconomi is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Iconomi will stay in a trading range between the April 1 low and the January 13 peak until June 10".

You can upvote the comment until 3 PM EST May 8 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.