Crypto Contest July 19: 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 March 3. The wave one (sub-waves i-v) finished on May 24, and the wave two (sub-waves a-b-c) correction ended on July 16. If this wave count is correct, Primecoin should be heading next towards the May 24 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Primecoin will takeout the May 24 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Primecoin will drop below the March 3 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 3 low and the May 24 peak until August 19".
You can upvote the comment until 3 PM EST July 20 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.
Primecoin will takeout the May 24 peak (23 voters as of 3 PM EST July 20: otisbrown, steem-buzz, gregory-f, soundmoney, simonjay, dirty.hera, ikilledcobain (did not vote main post), lydon.sipe, jznsamuel, starline, allmonitors, damla, flemingfarm, eirik, anetchen, lucasgabd, psilacetin, mprgrmmr, igsamuel, c-c-c, mela, vermute, me-do).
Primecoin will stay in a trading range between the March 3 low and the May 24 peak until August 19 (16 voters as of 3 PM EST July 20: twinner, yefet, me-tarzan, thatsweeneyguy, ahinga, komischername, paul.atreides, mirda, coolthings, cryptocrusaders, miniature-tiger, ragnaros, abh12345, andy23, shimelin, cryptopassion).
You won.
Primecoin will drop below the March 3 low (4 voters as of 3 PM EST July 20: tzap90, carlosdaniel, libert, lig007).
congrats for reaching 1k followers :)
Thank you JZN.