Crypto Contest June 27: Namecoin

Namecoin has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Namecoin began a wave one advance on December 23, 2016. The wave one (sub-waves i-v) finished on May 7, and the wave two (sub-waves abc) ended on May 27. If this wave count is correct, Namecoin should be heading next towards the May 7 peak in the wave three.

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Namecoin will takeout the May 7 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Namecoin will drop below the May 27 low".

If you think Namecoin is in a range, upvote this post and upvote the comment "Namecoin will stay in a trading range between the May 27 low and the May 7 peak until July 27".

You can upvote the comment until 3 PM EST June 28 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.