Crypto Contest June 18: Skycoin
Skycoin (Binance: SKYBTC) 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, Skycoin began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 31, and the red wave two (blue sub-waves a-b-c) correction ended on June 16. If this wave count is correct, Skycoin should be heading next towards the May 31 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Skycoin fuels an entire ecosystem of applications including the new de-centralized internet called Skywire that empowers users to earn coins for providing secure, peer-to-peer bandwidth. You can watch their latest development update below.
(Sources: Skycoin and YouTube)
How can I vote? Where is the contest?
You can vote by following this link.
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