Crypto Contest March 16: Primecoin

Primecoin (XPMUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Primecoin began a wave one advance on October 15, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 6 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Primecoin should be heading next towards the January 6 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Looking at the weekly chart, I believe Primecoin is currently in the red wave three (blue sub-wave iii). The red wave three began on October 15, 2017.

(Chart courtesy of Tradingview.com (log scale))

In the monthly chart, Primecoin is most likely in the red wave three (blue sub-wave iii). The blue sub-wave three began on October 15, 2017.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Primecoin network searches for special prime number chains known as Cunningham chains and bi-twin chains. Here is a Primecoin 3D hype trailer published by Issac Cunningham.

(Sources: http://primecoin.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will takeout the January 6 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will drop below the October 15, 2017 low".

If you think Primecoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will stay in a trading range between the October 15, 2017 low and the January 6 peak until April 21".

You can upvote the comment until 3 PM EST March 19 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).

Bonus

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.