Crypto Contest May 1: PotCoin
PotCoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, PotCoin began a wave one advance on March 3. The wave one (sub-waves i-v) finished on April 13, and the wave two (sub-waves abc) correction ended on April 24. If this wave count is correct, PotCoin should be heading next towards the April 13 peak in the wave three.
You can find my longer term analysis on PotCoin from here:
https://steemit.com/potcoin/@maarnio/crypto-contest-november-5-potcoin
If you think this analysis is correct, upvote this post and upvote the comment "PotCoin will takeout the April 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "PotCoin will drop below the March 3 low".
If you think PotCoin is in a range, upvote this post and upvote the comment "PotCoin will stay in a trading range between the March 3 low and the April 13 peak until May 27".
You can upvote the comment until 3 PM EST May 2 and you can upvote only one comment. 200% of 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.
PotCoin will stay in a trading range between the March 3 low and the April 13 peak until May 27 (8 voters as of 3 PM EST May 2: bleujay, twinner, simonjay, spinbunny, yefet, nepd, alexrickard86, coolthings).
You won.
PotCoin will takeout the April 13 peak (6 voters as of 3 PM EST May 2: otisbrown, gregory-f, gduran, soundmoney, starline, ragnaros).
PotCoin will drop below the March 3 low (3 voters as of 3 PM EST May 2: allyouneedtoknow, avarice, mirda).
This post has been ranked within the top 80 most undervalued posts in the second half of May 01. We estimate that this post is undervalued by $2.91 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 01 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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