Crypto Contest May 17: Hcash

in #hcash6 years ago (edited)

Hcash (HSRBTC) 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, Hcash began a wave one advance on March 18. The red wave one finished on March 31, and the red wave two correction ended on April 8. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 3, and the red wave four (blue sub-waves a-b-c) correction ended on May 12. If this wave count is correct, Hcash should be heading next towards the May 3 peak in the red wave five.

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

Funnymentals

Hcash is a decentralized and open-source cross platform cryptocurrency. Cryptocurrency Australia published a coin review on April 16.


(Sources: https://h.cash/ and YouTube)
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If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Hcash will takeout the May 3 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Hcash will drop below the April 8 low".

If you think Hcash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Hcash will stay in a trading range between the April 8 low and the May 3 peak until June 22".

You can upvote the comment until 3 PM EST May 20 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

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Hcash will takeout the May 3 peak (23 voters as of 3 PM EST May 20: bleujay, lydon.sipe, positivebalances, bentleycapital, simonjay, bxlphabet, fitinfun, dirty.hera, koskl, kunschj, libert, carlosdaniel, portillo, harryp3, utkarshvarma, mumin007, nordina, mihail.tsvetkov, stalexmkl, cosminblaga, beiker, heidelbaer, sandeei).

Hcash will drop below the April 8 low (14 voters as of 3 PM EST May 20: sqlinsix, skepticology, allyouneedtoknow, crokkon, mgood, steemit.nemesis, vicspics, janine-ariane, reconnectnature, starline, mister.green, sporttr, karadere, photo-moment).

Hcash will stay in a trading range between the April 8 low and the May 3 peak until June 22 (28 voters as of 3 PM EST May 20: gregory-f, glennolua, flemingfarm, rothberg, komischername, steem-d-anlovnit, jznsamuel, cryptotem, barbadosso, toofasteddie, mirda, diogosantos, costanza, richard78624, coolthings, nicolaepavelean, ragnaros, andy23, galasek, mitrado, criptorafa, jozef230, askeb, photoquote, easymoney202, neo-wiza, cmoljoe, borban).

I think HSR will have a hard time to take out the May 3 peak, because the next push up will be driven by BTC, and it still has a long way to go, so I don't think it will happen in the next month.

Hcash will takeout the May 3 peak.

sorry still minnow, can't give big upvote :D

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