Crypto Contest January 30: OmiseGO

OmiseGO (OMGUSD) 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, OmiseGO began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 17. If this wave count is correct, OmiseGO should be heading next towards the January 8 peak in the red wave three.

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

In the line chart, one can see that there is no overlapping between blue waves one and four.

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

Looking at the weekly chart, I believe OmiseGO is currently in the red wave three (blue sub-wave iii). The blue sub-wave one began on November 2, 2017.

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

Funnymentals

OmiseGo will be having a virtual town hall on January 31st at 3:00 AM UTC.

Here is the YouTube embedded:

(Sources: https://omisego.network/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "OmiseGO will takeout the January 8 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "OmiseGO will drop below the January 17 low".

If you think OmiseGO is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "OmiseGO will stay in a trading range between the January 17 low and the January 8 peak until March 2".

You can upvote the comment until 3 PM EST January 31 and you can upvote only one comment. 50% of 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

I will be sending one 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.