Crypto Contest January 20: PotCoin
PotCoin (Bittrex: POTUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, PotCoin began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in November 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, PotCoin should be heading next towards the November 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
PotCoin is a digital currency for the cannabis industry and community. Cryptonomics covered the coin last year.
(Sources: PotCoin and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "PotCoin will takeout the August 28, 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "PotCoin will drop below the December 7, 2018 low".
If you think PotCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "PotCoin will stay in a trading range between the December 7, 2018 low and the August 28, 2018 peak until February 24".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 23 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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Published by Maarnio
on
PotCoin will drop below the December 7, 2018 low (9 voters as of 3 PM EST January 23: sqlinsix, diana.feuerberg, freiheit50, gregory-f, barbadosso, vicspics, ace108, mgood, sporttr).
PotCoin will stay in a trading range between the December 7, 2018 low and the August 28, 2018 peak until February 24 (19 voters as of 3 PM EST January 23: cryptopie, mellofello, allyouneedtoknow, crokkon, skepticology, moeenali, toofasteddie, reconnectnature, tzap90, jznsamuel, diogosantos, steem-d-anlovnit, mitrado, harryp3, utkarshvarma, fullcoverbetting, kunschj, richard78624, simonjay).
It will stay in those ranges @maarnio
And it did that.
You won. Paid out from @maarnio1
PotCoin will takeout the August 28, 2018 peak (3 voters as of 3 PM EST January 23: steemit.nemesis, lydon.sipe, galasek).
PotCoin will takeout the August 28, 2018 peak
Posted using Partiko iOS
Although the sentiment on the markets are changing , I still don´t think much will happen.
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