Crypto Contest April 26: Primecoin

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

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Primecoin began a wave one advance on February 27. The wave one finished on March 23, and the wave two correction ended on March 25. The wave three advance finished on April 3, and the wave four correction ended on April 4. If this wave count is correct, Primecoin should be heading next towards the April 3 peak in the wave five.

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Primecoin will takeout the April 3 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Primecoin will drop below the March 25 low".

If you think Primecoin is in a range, upvote this post and upvote the comment "Primecoin will stay in a trading range between the March 25 low and the April 3 peak until May 22".

You can upvote the comment until 3 PM EST April 27 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.