Crypto Contest March 3: CloakCoin

CloakCoin (CLOAKUSD) 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, CloakCoin began a wave one advance on November 3, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 29, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, CloakCoin should be heading next towards the December 29, 2017 peak in the red wave three.

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

Looking at the weekly chart, I believe CloakCoin is currently in the red wave five (blue sub-wave iii). The red wave five began on November 3, 2017.

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

In the monthly chart, CloakCoin is most likely in the red wave three (blue sub-wave v). The blue sub-wave five began on November 3, 2017.

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

Funnymentals

CloakCoin is private, secure, untraceable & decentralized digital currency. Here is a video "What Is CloakCoin In 3 Minutes!". The video was published by Stone Crypto on February 27.

(Sources: https://www.cloakcoin.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "CloakCoin will takeout the December 29, 2017 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "CloakCoin will drop below the November 3, 2017 low".

If you think CloakCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "CloakCoin will stay in a trading range between the November 3, 2017 low and the December 29, 2017 peak until April 8".

You can upvote the comment until 3 PM EST March 6 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.