Crypto Contest July 22: FoldingCoin
FoldingCoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, FoldingCoin began a wave one advance on November 24, 2016. The wave one advance finished on January 17 this year, and the wave two correction ended on March 4. The wave three advance finished on June 22, and the wave four correction ended on July 20. If this wave count is correct, FoldingCoin should be heading next towards the June 22 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "FoldingCoin will takeout the June 22 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "FoldingCoin will drop below the March 4 low".
If you think FoldingCoin is in a range, upvote this post and upvote the comment "FoldingCoin will stay in a trading range between the March 4 low and the June 22 peak until August 22".
You can upvote the comment until 3 PM EST July 23 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.
FoldingCoin will stay in a trading range between the March 4 low and the June 22 peak until August 22 (21 voters as of 3 PM EST July 23: freiheit50, me-tarzan, twinner, nextgen622, yefet, thatsweeneyguy, gregory-f, steemit.nemesis, komischername, flemingfarm, mirda, lucasgabd, jznsamuel, coolthings, allyouneedtoknow, ragnaros, andy23, psywalker, blockchainttmft, lig007, mela).
You won.
FoldingCoin will takeout the June 22 peak (21 voters as of 3 PM EST July 23: simonjay, steem-buzz, soundmoney, dirty.hera, lydon.sipe, abh12345, bradenford, steemboost, themovieplace, eirik, damla, poppy.poppers, anetchen, miniature-tiger, napkin, mprgrmmr, carlosdaniel, digitalking, attalis, jsock, me-do).
FoldingCoin will drop below the March 4 low (9 voters as of 3 PM EST July 23: ace108, tamersilver, starline, osmanbugra, c-c-c, bluebellwalk, d-matteo, libert, vermute).
Ive never heard about fold coins
http://foldingcoin.net/
You can take a look at here.
since youre really into cryptos,can you give me a guess of steem and BTC's price after a week after the fork?
I think BTC will peak sometime in coming week(s) and Steem will take out $3 in coming weeks.
Yes, it will!!
Why did you choose to do TA on Foldcoin vs other coins?
Thanks for sharing your analysis! I'm more into FA but always interesting to see the TA perspective.
Every day there is a new coin. I must agree with you that there are currently many interesting coins (both TA and FA).
True. Why did you choose to do TA on Foldcoin vs other coins?
The answer is in the first chart.
Gotya :)
This post has been ranked within the top 80 most undervalued posts in the first half of Jul 22. We estimate that this post is undervalued by $12.45 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 22 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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