Crypto Contest October 18: Spendcoin

Crypto Contest October 18: Spendcoin

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Spendcoin (Bittrex: SPNDBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Spendcoin began a wave one advance on October 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 14, and the red wave two (blue sub-waves a-b-c) correction ended on October 17. If this wave count is correct, Spendcoin should be heading next towards the October 14 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Spendchain is a cross-chain interoperable payments blockchain designed to create frictionless payment transactions between consumers and merchants. You can watch their promo video below.

(Sources: https://spend.org/)

How Will Spendcoin Trade?

Spendcoin (Bittrex: SPNDBTC) four-hour chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

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• Spendcoin will takeout the October 14 peak

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• Spendcoin will drop below the October 4 low

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• Spendcoin will stay in a trading range between the October 4 low and the October 14 peak until November 23

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Answer the question at dpoll.xyz.