Crypto Contest January 26: Metaverse ETP

Metaverse (ETPUSD) 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, ETP began a wave one advance on December 22, 2017. The red wave one finished on January 5 this year, and the red wave two correction ended on January 17. If this wave count is correct, ETP should be heading next towards the January 5 peak in the red wave three.

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

In the daily chart, I believe ETP is currently in the red wave three. The red wave three began on December 22, 2017.

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

Funnymentals

Metaverse is a decentralised open platform of smart properties and digital identities, based on public blockchain technology. Here is a video where Eric Gu, Founder and CEO of Metaverse, explains the platform.

(Sources: https://mvs.org/ and YouTube)

If you think this analysis is correct, upvote this post and upvote the comment "Metaverse will takeout the January 5 peak".

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

If you think Metaverse is in a range, upvote this post and upvote the comment "Metaverse will stay in a trading range between the December 22, 2017 low and the January 5 peak until February 26".

You can upvote the comment until 3 PM EST January 27 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.