Crypto Contest Of The Day: PotCoin
PotCoin is currently trading in a triangle pattern in the three-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe PotCoin has completed five waves from the October 11 lows. The wave five ended on the October 13, and the abc correction finished on the October 14. I think that the most likely direction from here is up targeting the October 13 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, PotCoin could be starting its final leg (wave five) to the upside targeting the October 10 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long PotCoin.
If you think this analysis is correct, upvote this post and upvote the comment "PotCoin will takeout the October 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "PotCoin will drop below the October 11 low".
You can upvote the comment until 3 PM EST October 19 and you can upvote only one comment. 100% of Steem (0.068 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
PotCoin will takeout the October 13 peak (1 voter as of 3 PM EST October 19: bleujay).
PotCoin will drop below the October 11 low (3 voters as of 3 PM EST October 19: yefet, twinner, moondoge).
You won.