Crypto Contest September 25: Ripple

Ripple (XRPBTC) 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, Ripple began a wave one leading diagonal advance in June 2016. 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 on September 12. If this wave count is correct, Ripple should be heading next towards the January peak in the red wave three.

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

Funnymentals

Ripple is a digital asset for payments. The Modern Investor made some predictions one week ago.

(Sources: https://ripple.com/xrp/ and YouTube)

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

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ripple will drop below the September 12 low".

If you think Ripple is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ripple will stay in a trading range between the September 12 low and the January peak until October 31".

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

You can upvote the comment until 3 PM EST September 28 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.