Crypto Contest November 6: Steem

Steem has broken out of the wedge pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Steem has completed the first impulsive rally from the November 3 low. The five wave rally ended on the November 5. The abc -correction from the November 5 peak could be complete or close to being complete. If this wave count is correct, Steem should be heading next towards the November 5 peak.

(Chart courtesy of Tradingview.com)
Looking at the daily chart, Steem has most likely completed an ABC -correction from the July 19 peak. In the longer term, I believe Steem will heading towards the July 19 peak.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Steem.

If you think this analysis is correct, upvote this post and upvote the comment "Steem will takeout the November 5 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Steem will drop below the November 3 low".
You can upvote the comment until 3 PM EST November 7 and you can upvote only one comment. 100% of Steem (26.870 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).