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Crypto Contest October 16: ECOMI

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Markus Aarnio
@maarnio
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ECOMI (OKEx: OMIUSDT) 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, OMI began a red wave one advance on September 26. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 10 and the red wave two (blue sub-waves a-b-c) correction ended on October 14. If this wave count is correct, OMI should be heading next towards the October 10 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Zooming out in the line chart, I believe OMI is currently in the red wave three. The red wave one began in February and the red wave two correction ended in June. (Chart courtesy of CoinMarketCap.com)

Funnymentals

ECOMI offers a one-stop-shop for digital collectibles through the VeVe app. Daniel Lee covered the latest news yesterday.

(Sources: https://www.ecomi.com/)

How Will ECOMI Trade?

ECOMI (OKEx: OMIUSDT) daily chart by Tradingview. (Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

OMI will takeout the October 10 peak

OMI will drop below the September 26 low

OMI will stay in a trading range between the September 26 low and the October 10 peak until November 23

Posted Using LeoFinance Beta