Crypto Contest October 15: Sphere

Sphere (SPHRUSD) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Sphere began a wave one advance in August 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended in August. If this wave count is correct, Sphere should be heading next towards the January peak in the red wave three.

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

Funnymentals

Sphere is developing a trading software.

(Sources: bitcointalk)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Sphere will takeout the April peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Sphere will drop below the August low".

If you think Sphere is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Sphere will stay in a trading range between the August low and the April peak until November 19".

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

You can upvote the comment until 3 PM EST October 18 and you can upvote only one comment. 50% of liquid STEEM + 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 1

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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.