Crypto Contest January 11: Ontology

January 11 12:52 2019 Print This Article

Ontology (Binance: ONTBTC) 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, Ontology began a wave one advance in March 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Ontology should be heading next towards the April 2018 peak in the red wave three.

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

Funnymentals

Ontology is a diverse, integrated, distributed trust network and the infrastructure for building a trust ecosystem. DataDash reviewed the project in March 2018.

(Sources: Ontology  and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Ontology will takeout the September 22, 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Ontology will drop below the December 15, 2018 low”.

If you think Ontology is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Ontology will stay in a trading range between the December 15, 2018 low and the September 22, 2018 peak until February 15”.

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

You can upvote the comment until 3 PM EST January 14 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.

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About Article Author

Markus Aarnio
Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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