Crypto Contest September 16: Wanchain

Wanchain (WANBTC) 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, Wanchain began a wave one advance on August 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended September 12. If this wave count is correct, Wanchain should be heading next towards the September 1 peak in the red wave three.

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

Funnymentals

Wanchain is a distributed financial infrastructure that seamlessly connects blockchain networks together. Crypto Bros reviewed the project last month.

(Sources: https://wanchain.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will takeout the September 1 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will drop below the August 14 low".

If you think Wanchain is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will stay in a trading range between the August 14 low and the September 1 peak until October 21".

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

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