Cryptocurrencies

Crypto Contest February 16: Waves

Waves (Bittrex: WAVESUSD) 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, Waves began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 20, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 22 this year. If this wave count is correct, Waves should be heading next towards the December 20, 2018 peak in the red wave three.

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

Looking at the monthly chart, I believe Waves is currently in the red wave three. The red wave three began on November 25, 2018.

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

Funnymentals

Waves platform’s mission is to reinvent the DNA of entrepreneurship around the world by providing a shared infrastructure, offering easy-to-use, highly functional tools to make blockchain available to every person or organisation that can benefit from it. You can view their latest community meetup below.

(Sources: Waves and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Waves will takeout the December 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Waves will drop below the November 2018 low".

If you think Waves is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Waves will stay in a trading range between the November 2018 low and the December 2018 peak until March 23".

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

You can upvote the comment until 3 PM EST February 19 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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