Crypto Contest November 29: Curecoin
Curecoin has broken out of the four-hour wedge pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Curecoin has completed one cycle from the June 13 low. The five wave advance finished on the September 8, and the three wave correction ended on the November 22. If this wave count is correct, Curecoin should be heading next towards the September 8 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, Curecoin is currently most likely in the wave three (sub-wave iii). The wave one started in the December 2015, and finished in March. The wave two correction ended on the June 13.
(Chart courtesy of Tradingview.com)
In the monthly chart, I believe Curecoin is currently in the wave three. The wave one started in the November 2014, and finished in the June 2015. The wave two correction ended in the December 2015.
(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 October 20 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Curecoin will drop below the November 22 low".
You can upvote the comment until 3 PM EST November 30 and you can upvote only one comment. 100% of Steem (0.229 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Curecoin will takeout the October 20 peak (17 voters as of 3 PM EST November 30: me-tarzan, bleujay, yefet, majes, landofcrypto, jamesbrown, anotherjoe, wingz, inertia, idnit, jdbry, digit, idnit1, mrfoot, mistere, fortinbuff, escapeamericanow).
Curecoin will drop below the November 22 low (4 voters as of 3 PM EST November 30: otisbrown, gregory-f, twinner, maxedoutstats).
You won.
This post has been ranked within the top 80 most undervalued posts in the first half of Nov 29. We estimate that this post is undervalued by $3.71 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 29 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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If your count is correct, a big move is in store. I don't keep track of other cryptocurrencys. I'll have to look at this one.... or do all cryptocurrencys go up and down together?
Bitcoin is like USD in Forex. When it moves up, other cryptos tend to fall in price.