Iconomi has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Iconomi began a wave one advance on June 6. The wave one finished on June 9, and the wave two correction ended on June 11. The wave three advance finished on June 22, and the wave four correction ended on June 26. If this wave count is correct, Iconomi should be heading next towards the June 22 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, I believe Iconomi is currently in the wave three (sub-wave v).
(Chart courtesy of Tradingview.com)
In the weekly chart, Iconomi is most likely in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Iconomi will takeout the June 22 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Iconomi will drop below the June 11 low".
If you think Iconomi is in a range, upvote this post and upvote the comment "Iconomi will stay in a trading range between the June 11 low and the June 22 peak until July 28".
You can upvote the comment until 3 PM EST June 29 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.