Crypto Contest June 9: Omni

Omni has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Omni began a wave one advance on April 28. The wave one finished on May 21, and the wave two correction ended on May 27. The wave three advance finished on May 31, and the wave four correction ended on June 6. If this wave count is correct, Omni should be heading next towards the May 31 peak in the wave five.

(Chart courtesy of Tradingview.com)

Looking at the daily chart, I believe Omni is currently in the wave three (sub-wave v).

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Omni will takeout the May 31 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Omni will drop below the May 27 low".

If you think Omni is in a range, upvote this post and upvote the comment "Omni will stay in a trading range between the May 27 low and the May 31 peak until July 9".

You can upvote the comment until 3 PM EST June 10 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). Only participants with a Reputation of 35 or more will qualify in the contest.