Crypto Contest August 18: OKCash

OKCash (OKBTC) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, OKCash began a wave one advance in May 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended on August 14 this year. If this wave count is correct, OKCash should be heading next towards the September 2017 peak in the red wave three.

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

Funnymentals

OKCash is a Proof of stake currency with a 5% yearly coin percentage reward currently. Crypto with ImRedryan published a coin review just when OKCash peaked in September 2017.

(Sources: https://okcash.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "OKCash will takeout the April 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "OKCash will drop below the May 2016 low".

If you think OKCash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "OKCash will stay in a trading range between the May 2016 low and the April 2018 peak until September 22".

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

You can upvote the comment until 3 PM EST August 21 and you can upvote only one comment. 50% of liquid STEEM + 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

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.