Crypto Contest March 22: ICON

ICON (ICXBTC) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, ICON began a wave one advance on December 18, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 30 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, ICON should be heading next towards the January 30 peak in the red wave three.

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

Funnymentals

ICON boasts independent blockchains comprised of reputable institutions in major industries. You can find some more information about the project from the following video made by ValleyCrypto and published on February 20.

(Sources: https://icon.foundation/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ICON will takeout the January 30 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ICON will drop below the December 18, 2017 low".

If you think ICON is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ICON will stay in a trading range between the December 18, 2017 low and the January 30 peak until April 27".

You can upvote the comment until 3 PM EST March 25 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 (@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.