Crypto Contest June 22: Feathercoin

Feathercoin (FTCBTC) has broken out of the wedge pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Feathercoin began a wave one leading diagonal advance on October 21, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 17. If this wave count is correct, Feathercoin should be heading next towards the January 4 peak in the red wave three.

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

Looking at the weekly chart, I believe Feathercoin is currently in the red wave three (blue sub-wave iii). The red wave three began on October 21, 2017.

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

Funnymentals

Feathercoin is an upgraded and customised version of Bitcoin. Vivi explains how to get started.

(Sources: https://feathercoin.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will takeout the March 21 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will drop below the June 17 low".

If you think Feathercoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Feathercoin will stay in a trading range between the June 17 low and the March 21 peak until July 28".

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

You can upvote the comment until 3 PM EST June 25 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.