Crypto Contest May 24: Pinkcoin
Pinkcoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Pinkcoin began a wave one advance on January 5. The wave one finished on April 1, and the wave two correction ended on April 4. The wave three advance finished on April 16, and the wave four correction ended on April 19. If this wave count is correct, Pinkcoin should be heading next towards the April 16 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Pinkcoin is currently in the wave three (sub-wave v).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Pinkcoin will takeout the April 16 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Pinkcoin will drop below the April 4 low".
If you think Pinkcoin is in a range, upvote this post and upvote the comment "Pinkcoin will stay in a trading range between the April 4 low and the April 16 peak until June 19".
You can upvote the comment until 3 PM EST May 25 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.
Pinkcoin will takeout the April 16 peak (15 voters as of 3 PM EST May 25: bleujay, otisbrown, gregory-f, simonjay, sevinwilson, sqlinsix, steemquestions, alexrickard86, soundmoney, starline, mprgrmmr, skririm, eirik, damla, jznsamuel).
Pinkcoin will stay in a trading range between the April 4 low and the April 16 peak until June 19 (7 voters as of 3 PM EST May 25: me-tarzan, razorwave8, rokasltu, mirda, avarice, abh12345, pinagpala).
You won.
Pinkcoin will drop below the April 4 low (5 voters as of 3 PM EST May 25: spinbunny, ikilledcobain, daniel.dalo, coolthings, andy23).
This coin is one of my first i've picked out to buy! Great and friendly community!
Me too
Pinkcoin will takeout the April 16 peak
This post has been ranked within the top 80 most undervalued posts in the first half of May 24. We estimate that this post is undervalued by $15.57 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 24 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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@maarnio how does triangle affect the market
To me it usually means end of consolidation.
So it's kinda of state that when passed it hardly go back?
That is how I would like it to work.
any prediction for DGB? SYS and SC ? ;)
I think SC is just a trash, maybe am wrong. Just sold all my SC @ a lose and bought more DGB. I've not traded SYS so I can't talk about it.