Crypto Contest December 18: Verge

Verge (Bittrex: XVGBTC) 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, Verge began a wave one advance in January 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November this year. If this wave count is correct, Verge should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Verge is a secure and anonymous cryptocurrency. You can check their official meetup from this summer below.

(Sources: https://vergecurrency.com and YouTube)

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

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

If you think Verge is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Verge will stay in a trading range between the November low and the August peak until January 22, 2019".

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

You can upvote the comment until 3 PM EST December 21 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.