Crypto Contest May 10: 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 February 26. The wave one finished on March 28, and the wave two correction ended on April 7. If this wave count is correct, Omni should be heading next towards the March 28 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Omni will takeout the March 28 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Omni will drop below the February 26 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 February 26 low and the March 28 peak until June 5".
You can upvote the comment until 3 PM EST May 11 and you can upvote only one comment. 200% of Steem 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.
Omni will takeout the March 28 peak (11 voters as of 3 PM EST May 11: otisbrown, bleujay, simonjay, kooshikoo, yefet, ace108, steemquestions, soundmoney, eirik, avarice, ragnaros).
You won.
Omni will drop below the February 26 low (4 voters as of 3 PM EST May 11: me-tarzan, cm-steem, coolthings, cassidyandfranks).
I think it'll drop, the cost of operating on top of BTC is far too expensive..
Omni will stay in a trading range between the February 26 low and the March 28 peak until June 5 (9 voters as of 3 PM EST May 11: gregory-f, twinner, razorwave8, allyouneedtoknow, anotherjoe, starline, mirda, mprgrmmr, dirty.hera).
This post has been ranked within the top 80 most undervalued posts in the second half of May 10. We estimate that this post is undervalued by $11.37 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 10 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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