Crypto Contest August 28: DigixDAO

DigixDAO (DGDETH) 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, DigixDAO began a wave one advance on January 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 26, and the red wave two (blue sub-waves a-b-c) correction ended on August 13. If this wave count is correct, DigixDAO should be heading next towards the March 26 peak in the red wave three.

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

For longer term charts, we have to take a look at CoinMarketCap. The red wave one began in April 2016.

(Chart courtesy of Coinmarketcap.com)

Funnymentals

DGD is the governance token for DigixDAO. Nugget's News interviewed the co-founder Shaun Djie in early July.

(Sources: https://digix.global/dgd and YouTube)

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

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

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

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

You can upvote the comment until 3 PM EST August 31 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).

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Bonus 2

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