Crypto Contest March 7: Walton

Walton (WTCUSD) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Walton began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 28 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Walton should be heading next towards the January 28 peak in the red wave three.

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

Looking at the weekly chart, I believe Walton is currently in the red wave three (blue sub-wave iii). The red wave three began on November 2, 2017.

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

Funnymentals

Waltonchain's mission is to create a business ecosystem integrating blockchain with IoT. Here is the official introduction video.

(Sources: http://www.waltonchain.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Walton will takeout the January 28 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Walton will drop below the November 2, 2017 low".

If you think Walton is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Walton will stay in a trading range between the November 2, 2017 low and the January 28 peak until April 12".

You can upvote the comment until 3 PM EST March 10 and you can upvote only one comment. 50% of 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

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.