Crypto Contest July 1: Emercoin
Emercoin (EMCUSD) 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, Emercoin began a wave one leading diagonal advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 13 this year, and the red wave two correction ended on April 1. If this wave count is correct, Emercoin should be heading next towards the January 13 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Emercoin is a cryptocurrency and blockchain service platform with Proof-of-Stake + Proof-of-Work mining + Name Value Storage. CoinKorea reviewed the coin on June 13.
(Sources: https://emercoin.com and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Emercoin will takeout the January 13 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Emercoin will drop below the April 1 low".
If you think Emercoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Emercoin will stay in a trading range between the April 1 low and the January 13 peak until August 6".
You can upvote the comment until 3 PM EST July 4 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Emercoin will takeout the January 13 peak (17 voters as of 3 PM EST July 4: bleujay, lydon.sipe, bentleycapital, fitinfun, freiheit50, crokkon, allyouneedtoknow, kunschj, bxlphabet, koskl, cryptotem, liberton, portillo, sporttr, ragnaros, mihail.tsvetkov, colon2018).
Emercoin will stay in a trading range between the April 1 low and the January 13 peak until August 6 (28 voters as of 3 PM EST July 4: gregory-f, abh12345, soundmoney, glennolua, misalen, jznsamuel, toofasteddie, reconnectnature, lucasgabd, rothberg, steem-d-anlovnit, diogosantos, tzap90, mirda, costanza, revelationquotes, photoquote, richard78624, flemingfarm, galasek, coolthings, nicolaepavelean, nordina, harryp3, yefet, askeb, andy23, mitrado).
You won. Paid out from @maarnio1.
Emercoin will drop below the April 1 low (12 voters as of 3 PM EST July 4: sqlinsix, skepticology, positivebalances, steemit.nemesis, starline, milano1113, barbadosso, vicspics, mgood, borban, stalexmkl, nzl19500).