Crypto Contest July 17: SolarCoin

SolarCoin (SLRUSD) 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, SolarCoin began a wave one advance in March 2014. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on July 10. If this wave count is correct, SolarCoin should be heading next towards the January 14 peak in the red wave three.

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

Funnymentals

SolarCoin rewards solar electricity generators. You can find out how to get them by watching the following video.

(Sources: https://solarcoin.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "SolarCoin will takeout the May 7 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "SolarCoin will drop below the July 17, 2017 low".

If you think SolarCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "SolarCoin will stay in a trading range between the July 17, 2017 low and the May 7 peak until August 21".

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

You can upvote the comment until 3 PM EST July 20 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).

Bonus

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.