Crypto Contest July 8: ReddCoin
ReddCoin (Bittrex: RDDUSD) 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, RDD began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 11, and the red wave two (blue sub-waves a-b-c) correction ended on June 27. If this wave count is correct, RDD should be heading next towards the May 11 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe RDD is currently in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Reddcoin is a decentralized cryptocurrency used to tip or send payments for social content. Coin Bureau reviewed the coin last year.
(Sources: https://www.reddcoin.com/)How Will Reddcoin Trade?
ReddCoin (Bittrex: RDDUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
RDD will takeout the May 11 peak
RDD will drop below the April 16 low
RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13
RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13
Correct. Upvoted your comment:
https://steemit.com/blockchain/@novelcoronavirus/qf9shu
Hello to all the steemers participating in this contest...
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Universal crypto tipper, donor & sponsor
Tony.
$trdo
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RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13
Correct. Upvoted your comment:
https://steemit.com/hive-148441/@steem-d-anlovnit/qfdwbs
RDD se mantendrá en un rango de negociación entre el mínimo del 16 de abril y el máximo del 11 de mayo hasta el 13 de agosto
Correct. Upvoted your comment:
https://steemit.com/hive-148441/@siomara-2018/qfdkm6
RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13
Correct. Upvoted your comment:
https://steemit.com/shoes/@jmehta/qf78gt
RDD will drop below the April 16 low
RDD will drop below the April 16 low
RDD will drop below the April 16 low
RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13
Correct. Upvoted your post:
https://steemit.com/steemit/@simonjay/steem-diary-entry-20-season-2-20-8-2020
RDD will takeout the May 11 peak