Crypto Contest October 22: Crown
Crown (CRWUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Crown began a wave one advance on August 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 29, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Crown should be heading next towards the August 29 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, I believe Crown is currently in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com)
One can see the waves even better in the line chart.
(Chart courtesy of Tradingview.com)
Funnymentals
Crown is a digital token and application platform.
If you think this analysis is correct, upvote this post and upvote the comment "Crown will takeout the August 29 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Crown will drop below the August 14 low".
If you think Crown is in a range, upvote this post and upvote the comment "Crown will stay in a trading range between the August 14 low and the August 29 peak until November 22".
You can upvote the comment until 3 PM EST October 23 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).
Crown will takeout the August 29 peak (11 voters as of 3 PM EST October 23: bleujay, bentleycapital, catena, tzap90, mihail.tsvetkov, mprgrmmr, digitalking, napkin, wallsnow, kryptofan, me-do).
Crown will stay in a trading range between the August 14 low and the August 29 peak until November 22 (24 voters as of 3 PM EST October 23: ace108, soundmoney, freiheit50, glennolua, flemingfarm, simonjay, lucasgabd, gregory-f, libert, jznsamuel, starline, eirik, osmanbugra, dirty.hera, lasper, mirda, coolthings, crokkon, heroic15397, ragnaros, andy23, carlosdaniel, richard78624, sweethoney).
You won.
Crown will drop below the August 14 low (4 voters as of 3 PM EST October 23: cryptotem, skririm, anetchen, yefet).
Crown used to be hot, I hope it comes back. Seemed like a decent coin.
img credz: pixabay.com
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