Crypto Contest October 19: OAX

OAX (OAXBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

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

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

Funnymentals

OpenANX is an open-source, decentralized exchange platform based on the 0x protocol. You can view their official introduction video below.

(Sources: https://www.oax.org/en and YouTube)

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

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

If you think OAX is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "OAX will stay in a trading range between the September low and the April peak until November 23".

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

You can upvote the comment until 3 PM EST October 22 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.