Crypto Contest December 28: Curecoin
Curecoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Curecoin began a five wave advance on June 13. The impulsive move finished on the September 8, and the three wave correction could be close to the end currently. If this wave count is correct, Curecoin should be heading next towards the September 8 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Curecoin began a wave one advance in December 2015. The wave one finished in March 2016, and the wave two correction ended on June 13. Curecoin is currently in the wave three (sub-wave ii or iii).
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Curecoin.
If you think this analysis is correct, upvote this post and upvote the comment "Curecoin will takeout the November 27 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Curecoin will drop below the June 13 low".
If you think Curecoin is in a range, upvote this post and upvote the comment "Curecoin will stay in a trading range between the June 13 low and the November 27 peak until January 25, 2017".
You can upvote the comment until 3 PM EST December 29 and you can upvote only one comment. 150% of Steem (1.5 X 0.602 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Curecoin will drop below the June 13 low (19 voters as of 3 PM EST December 29: ramta, barbro, me-tarzan, bleujay, yefet, twinner, daveks, nextgen622, majes, idnit, jdbry, digit, idnit1, idnit9, steemradio, mrfoot, tamersameeh X 2, legends, angels). tamersameeh voted twice.
You won.
Curecoin will stay in a trading range between the June 13 low and the November 27 peak until January 25, 2017 (4 voters as of 3 PM EST December 29: helikopterben, gregory-f, spinbunny, breezin).
Curecoin will takeout the November 27 peak (5 voters as of 3 PM EST December 29: otisbrown, anotherjoe, inertia, fortinbuff, tamersameeh X 2).
This post has been ranked within the top 80 most undervalued posts in the second half of Dec 28. We estimate that this post is undervalued by $6.05 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 28 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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