Crypto Contest August 10: Omni

Omni has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Omni began a wave one advance on February 26. The wave one finished on March 28, and the wave two correction ended on April 7. The wave three advance finished on May 31, and the wave four correction ended on August 8. If this wave count is correct, Omni should be heading next towards the May 31 peak in the wave five.

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Omni will takeout the May 31 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Omni will drop below the April 7 low".

If you think Omni is in a range, upvote this post and upvote the comment "Omni will stay in a trading range between the April 7 low and the May 31 peak until September 10".

You can upvote the comment until 3 PM EST August 11 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.