Cryptocurrencies

Crypto Contest April 3: ION

ION (Bittrex: IONUSD) 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, ION began a wave one advance in February 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in March this year. If this wave count is correct, ION should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Ionomy is combining gaming and masternodes. You can read their roadmap here.

(Sources: ION and Roadmap)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “ION will takeout the November 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “ION will drop below the March 2019 low”.

If you think ION is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “ION will stay in a trading range between the March 2019 low and the November 2018 peak until May 8”.

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

You can upvote the comment until 3 PM EST April 6 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) or one Steem Monsters (@steemmonsters) card 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.

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