Crypto Contest January 14: Steem

Steem has broken the four-hour wedge pattern.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Steem has completed one cycle from the January 2 low in the four-hour chart. The five wave advance finished on January 11, and the three wave correction could have ended on January 12. If this wave count is correct, Steem should be heading next towards the January 11 peak.

(Chart courtesy of Tradingview.com)
Zooming out, we can see that Steem has completed a bigger cycle from the November 17, 2016 low. The five wave advance finished on December 6, 2016, and the three wave correction ended on January 2. If this wave count is correct, Steem should be heading next towards the December 6, 2016 peak.

(Chart courtesy of Tradingview.com)
When zooming out still in the four-hour chart, Steem made the all-time low on November 3, 2016. The wave one ended on November 5, 2016, and the wave two correction finished on November 17, 2016.

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

If you think this analysis is correct, upvote this post and upvote the comment "Steem will takeout the December 29, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Steem will drop below the January 2 low".
If you think Steem is in a range, upvote this post and upvote the comment "Steem will stay in a trading range between the January 2 low and the December 29, 2016 peak until February 11".
You can upvote the comment until 3 PM EST January 15 and you can upvote only one comment. 200% of Steem (2 X 0.284 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.