Crypto Contest November 11: Viberate

Viberate (VIBUSD) 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, Viberate began a wave one advance on September 12. The red wave one finished on October 10, and the red wave two correction ended on October 12. The blue sub-wave wave one finished on October 31, and the blue sub-wave two correction ended on November 5. If this wave count is correct, Viberate should be heading next towards the October 31 peak in the red wave three (blue sub-wave iii).

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

Funnymentals

Viberate is a live music service platform that provides a live music database managed and maintained by the user community. Crypto Trade Academy interviewed the founder in September.

(Sources: https://www.viberate.com/fan and YouTube)

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

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

If you think Viberate is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Viberate will stay in a trading range between the September low and the July peak until December 16".

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

You can upvote the comment until 3 PM EST November 14 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

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Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.