Crypto Contest October 20: AdEx

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

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

Funnymentals

AdEx is a decentralized ad exchange built on Ethereum blockchain. Decentralized TV featured the token earlier this year.

(Sources: https://www.adex.network/ and YouTube)

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

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

If you think AdEx is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "AdEx will stay in a trading range between the September low and the July peak until November 24".

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

You can upvote the comment until 3 PM EST October 23 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.