Crypto Contest December 29: 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 December 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 19, and the red wave two correction ended on December 22. If this wave count is correct, OmiseGO should be heading next towards the December 19 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the daily chart, I believe OmiseGO is currently in the red wave three (blue sub-wave iii). The red wave three began on December 8.
(Chart courtesy of Tradingview.com (log scale))
In the weekly chart, OmiseGO is most likely in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
OmiseGO's mission is to unbank the banked with Ethereum. Here is the official introduction video.
(Source: https://omisego.network/)
If you think this analysis is correct, upvote this post and upvote the comment "OmiseGO will takeout the December 19 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "OmiseGO will drop below the December 8 low".
If you think OmiseGO is in a range, upvote this post and upvote the comment "OmiseGO will stay in a trading range between the December 8 low and the December 19 peak until January 29, 2018".
You can upvote the comment until 3 PM EST December 30 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.
OmiseGO will stay in a trading range between the December 8 low and the December 19 peak until January 29, 2018 (25 voters as of 3 PM EST December 30: helikopterben, twinner, simonjay, heroic15397, ace108, glennolua, lucasgabd, themovieplace, gregory-f, cryptotem, tzap90, ahinga, zapncrap, richard78624, starline, cassidyandfranks, timoshey, heidelbaer, nordina, roadstories, notanengenier, portillo, margaritaradkova, barbadosso, kanoe).
OmiseGO will takeout the December 19 peak (29 voters as of 3 PM EST December 30: bleujay, lydon.sipe, bentleycapital, eirik, jznsamuel, flemingfarm, dlina-v-metrah, catena, digitalking, mprgrmmr, mgood, reconnectnature, komischername, toofasteddie, dlwagner, carlosdaniel, fitzgibbon, steemquestions, deaconlee, coolthings, me-do, costanza, immetal6669, incrediblesnow, andy23, koskl, japanguide, cliffy32, sevinwilson).
You won.
Thank you Maarnio!
Well done. Let's see if we can do it again.
Y-E-S !
I've been saying OMG's time to shine is 2018
It certainly looks that way.
I've bet on OMG here and I also own it for quite awhile. It has done well and I am betting/predicting/hoping it will continue to do well. :-)
OmiseGO will drop below the December 8 low (2 voters as of 3 PM EST December 30: gunsmithing, mirda).
Man I forgot about this coin! I haven't heard much about it recently! could it be prime for a breakout?!
I would not bet against it.
Me either! I like to go against the grain with a lot of these since less people usually vote that way! haha
But I just couldn't with this one!
Thanks for running these contests!
Thank you Sevin Wilson.
Good morning interesting your analysis and how to explain the graphics, I congratulate you and in my opinion I believe that OmiseGO will remain within the minimum quotation values of December 8 and maximum to December 19
Thank you jorge.
Please upvote the right comment.
Excuse me what I meant to say is that OmiseGO will remain in a range of quotes between the minimum of December 8 and the maximum of December 19 for the remainder of the year.
Sorry
This one looks like a good one!
I agree.
great post
Thank you beautypics.