Crypto Contest July 21: Florincoin

Florincoin has broken out of the wedge pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Florincoin began a wave one advance on January 3. The wave one (sub-waves i-v) finished on May 13, and the wave two (sub-waves a-b-c) correction ended on July 11. If this wave count is correct, Florincoin should be heading next towards the May 13 peak in the wave three.

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Florincoin will takeout the May 13 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Florincoin will drop below the January 3 low".

If you think Florincoin is in a range, upvote this post and upvote the comment "Florincoin will stay in a trading range between the January 3 low and the May 13 peak until August 21".

You can upvote the comment until 3 PM EST July 22 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). Only participants with a Reputation of 35 or more will qualify in the contest.