Crypto Contest May 22: Everipedia

Everipedia (Bitfinex: IQXUSD) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Everipedia began a wave one advance on February 6. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 16, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, Everipedia should be heading next towards the April 16 peak in the red wave three.

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

Funnymentals

Everipedia’s IQ Network is an encyclopedia that allows anyone to become a stakeholder in the system and earn rank, rewards & tokens for

About the author: Markus Aarnio
I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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