Crypto Contest January 23: Propy
Propy (Bittrex: PROUSD) 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, Propy began a wave one advance on December 17, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 26, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 14. If this wave count is correct, Propy should be heading next towards the December 26, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Propy is a global real estate marketplace with decentralized title registry. Crypto Finder interviewed the CEO (starts around 5 mins) back in November 2018.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Propy will takeout the December 26, 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Propy will drop below the December 17, 2018 low".
If you think Propy is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Propy will stay in a trading range between the December 17, 2018 low and the December 26, 2018 peak until February 27".
(Chart courtesy of Tradingview.com (log scale))
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Published by Maarnio
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Propy will drop below the December 17, 2018 low (12 voters as of 3 PM EST January 26: bleujay, sqlinsix, bentleycapital, diana.feuerberg, gregory-f, allyouneedtoknow, vicspics, barbadosso, lydon.sipe, ace108, mitrado, galasek).
You won. Paid out from @maarnio1
Propy will stay in a trading range between the December 17, 2018 low and the December 26, 2018 peak until February 27 (15 voters as of 3 PM EST January 26: mellofello, freiheit50, abh12345, crokkon, toofasteddie, kunschj, tzap90, steem-d-anlovnit, diogosantos, harryp3, mgood, utkarshvarma, fullcoverbetting, richard78624, simonjay).
Propy will takeout the December 26, 2018 peak (3 voters as of 3 PM EST January 26: skepticology, reconnectnature, sporttr).
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