Crypto Contest October 28: WaBi

WaBi (WABIBNB) 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, WaBi began a wave one advance on August 15. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 26, and the red wave two (blue sub-waves a-b-c) correction ended on October 12. I believe WaBi is currently in the red wave three (blue sub-wave iii).

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

Funnymentals

WaBi is the digital token behind Walimai's anti-counterfeit technology. Tech Frontier interviewed the founders earlier this year.

(Sources: https://wacoin.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "WaBi 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) "WaBi will drop below the August low".

If you think WaBi is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "WaBi will stay in a trading range between the August low and the April peak until December 2".

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

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

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.