Crypto Contest November 14: AidCoin
AidCoin (Bittrex: AIDBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, AidCoin began a wave one advance on October 15. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 27, and the red wave two (blue sub-waves a-b-c) correction ended on November 12. If this wave count is correct, AidCoin should be heading next towards the October 27 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the daily chart, I believe AidCoin is currently in the red wave three (blue sub-wave iii). The red wave three began on October 15.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
AidCoin is a token for charity, built on the Ethereum Blockchain and powered by CharityStars. Vincent Everts interviewed the CEO earlier this year.
(Sources: https://www.aidcoin.co/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "AidCoin will takeout the October 27 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "AidCoin will drop below the October 15 low".
If you think AidCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "AidCoin will stay in a trading range between the October 15 low and the October 27 peak until December 19".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST November 17 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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AidCoin will stay in a trading range between the October 15 low and the October 27 peak until December 19 (17 voters as of 3 PM EST November 17: bleujay, diana.feuerberg, toofasteddie, positivebalances, crokkon, kunschj, jznsamuel, jlordc, simonjay, starline, steem-d-anlovnit, diogosantos, dine77, koskl, revelationquotes, criptorafa, mirda).
AidCoin will drop below the October 15 low (11 voters as of 3 PM EST November 17: sqlinsix, bentleycapital, allyouneedtoknow, gregory-f, barbadosso, skepticology, vicspics, steemit.nemesis, reconnectnature, galasek, mitrado).
You won. Paid out from @maarnio1
AidCoin will takeout the October 27 peak (4 voters as of 3 PM EST November 17: steemquestions, freiheit50, lydon.sipe, nzl19500).
I have heard about AidCoin, but, to be honest, I never liked it very much. Not a specific reason, just an overall evaluation of the project.
I do think it will drop in value as of today along with all cryptocurrencies @maarnio
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