Crypto Contest December 15: MaidSafeCoin

in #maidsafecoin8 years ago (edited)

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

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe MaidSafeCoin has completed one cycle from the November 4, 2015 low. The five wave advance finished on the March 6, and the three wave correction ended on the December 5. If this wave count is correct, MaidSafeCoin should be heading next towards the March 6 peak.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long MaidSafeCoin.

If you think this analysis is correct, upvote this post and upvote the comment "MaidSafeCoin will takeout the August 29 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "MaidSafeCoin will drop below the December 5 low".
If you think MaidSafeCoin is in a range, upvote this post and upvote the comment "MaidSafeCoin will stay in a trading range between the December 5 low and the August 29 peak until January 10, 2017".
You can upvote the comment until 3 PM EST December 16 and you can upvote only one comment. 500% of Steem (5 X 7.557 STEEM) 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.

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MaidSafeCoin will stay in a trading range between the December 5 low and the August 29 peak until January 10, 2017 (4 voters as of 3 PM EST December 16: helikopterben, spinbunny, landofcrypto, febird).

MaidSafeCoin will drop below the December 5 low (5 voters as of 3 PM EST December 16: me-tarzan, bleujay, yefet, gregory-f, twinner).

MaidSafeCoin will takeout the August 29 peak (7 voters as of 3 PM EST December 16: aidancloquell, anotherjoe, inertia, bradenford, estibuil, fortinbuff, escapeamericanow).

Thank you for posting @maarnio.

Wishing you and yours a Happy Christ-mas.

Appreciate the winnings and your support. Cheers.

Thank you bleujay. Happy holidays to you as well.

You correct markup? Correction should go to the 4 wave

Correction should not exceed wave 1 low.

A correct Elliott wave count must observe three rules:

  1. Wave 2 never retraces more than 100% of wave 1.
  2. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
  3. Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.

https://en.wikipedia.org/wiki/Elliott_wave_principle

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