Crypto Contest November 1: Shadow

Shadow has broken the trend line drawn from the October 25 peak.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Shadow has completed waves one and two from the October 11 low. The wave one finished on the October 25, and the wave two correction ended on the October 29. If this wave count is correct, Shadow should be heading next towards the October 25 peak.

(Chart courtesy of Tradingview.com)
Looking at the daily chart, Shadow is currently most likely in the wave five. The wave one started in February, and finished on the July 5. The wave two correction ended on the July 25, and the wave three advance finished on the September 6. The wave four correction ended on the October 11.

(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Shadow is in the wave three (sub-wave v). The wave one started in the October 2014, and finished in the April 2015. The wave two correction ended in the February 2016.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Shadow.

If you think this analysis is correct, upvote this post and upvote the comment "Shadow will takeout the October 25 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Shadow will drop below the October 29 low".
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