Crypto Contest October 20: Trustcoin

Trustcoin (TRSTUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Trustcoin began a wave one advance on September 15. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 28, and the red wave two (blue sub-waves a-b-c) correction ended on October 13. If this wave count is correct, Trustcoin should be heading next towards the September 28 peak in the red wave three.

(Chart courtesy of Tradingview.com)

One can see the waves even better in the line chart.

(Chart courtesy of Tradingview.com)

Looking at the daily chart, I believe Trustcoin is currently in the red wave three (blue sub-wave iii).

(Chart courtesy of Tradingview.com)

Zooming out in the daily chart, Trustcoin is most likely in the red wave three (blue sub-wave iii).

(Chart courtesy of Tradingview.com)

Funnymentals

Here is Trustcoin's official video and their vision.

If you think this analysis is correct, upvote this post and upvote the comment "Trustcoin will takeout the September 28 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Trustcoin will drop below the September 15 low".

If you think Trustcoin is in a range, upvote this post and upvote the comment "Trustcoin will stay in a trading range between the September 15 low and the September 28 peak until November 20".

You can upvote the comment until 3 PM EST October 21 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).