Crypto Contest November 10: YOYOW
YOYOW (YOYOETH) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, YOYOW began a wave one advance on August 14. The red wave one finished on August 22, and the red wave two correction ended on August 30. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on November 2, and the red wave four (blue sub-waves a-b-c) correction ended on November 6. If this wave count is correct, YOYOW should be heading next towards the November 2 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
YOYOW is a blockchain-based social media platform. Crypto Coins published a project overview in December 2017.
(Sources: https://yoyow.org/en.html and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "YOYOW will takeout the November 2 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "YOYOW will drop below the August 30 low".
If you think YOYOW is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "YOYOW will stay in a trading range between the August 30 low and the November 2 peak until December 15".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST November 13 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).
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YOYOW will stay in a trading range between the August 30 low and the November 2 peak until December 15 (16 voters as of 3 PM EST November 13: bleujay, bentleycapital, allyouneedtoknow, jznsamuel, toofasteddie, costanza, jlordc, kunschj, simonjay, steem-d-anlovnit, galasek, mitrado, dine77, revelationquotes, mirda, richard78624).
You won. Paid out from @maarnio1
YOYOW will drop below the August 30 low (10 voters as of 3 PM EST November 13: sqlinsix, freiheit50, barbadosso, skepticology, vicspics, starline, reconnectnature, mgood, nzl19500, koskl).
YOYOW will takeout the November 2 peak (8 voters as of 3 PM EST November 13: gregory-f, diana.feuerberg, lydon.sipe, ace108, steemit.nemesis, criptorafa, sporttr, qmarpot).
YOYOW will takeout the November 2 peak.
Posted using Partiko iOS
@maarnio I feel like the Yoyow has one of the most dedicated teams when it comes to Crypto from China. I have a lot of yoyow as I believe in the project but I think it won't really get off the ground until China allows BTC to be easily purchased again. What do you think?
Let's hope you are right.
I see that you have been following it since the start:
https://steemit.com/cryptocurrency/@barabbas/yoyow-is-being-accumulated-is-still-under-valued
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