Crypto Contest February 3: Vcash

in #vcash8 years ago (edited)

Vcash has broken the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Vcash began a five wave advance on January 28 in the two hour chart. The wave three finished on February 2, and the wave four correction could have ended today. If this wave count is correct, Vcash should be heading next towards the February 2 peak.

(Chart courtesy of Tradingview.com)
Looking at the four-hour chart, Vcash began the wave one on January 24. The wave one finished on January 27, and the wave two correction ended on January 28. I believe Vcash is currently in the wave three (sub-wave v).

(Chart courtesy of Tradingview.com)
Zooming out in the four-hour chart. Vcash began a wave one on December 23, 2016. The wave one finished on January 15, and the wave two correction ended on January 24. I believe Vcash is currently in the wave three.

(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Vcash from here:
https://steemit.com/vcash/@maarnio/crypto-contest-january-5-vcash
Disclosure: I am/we are long Vcash.

If you think this analysis is correct, upvote this post and upvote the comment "Vcash will takeout the November 28, 2016 peak".

(Chart courtesy of Tradingview.com)
If you think this analysis is wrong, upvote this post and upvote the comment "Vcash will drop below the December 23, 2016 low".
If you think Vcash is in a range, upvote this post and upvote the comment "Vcash will stay in a trading range between the December 23, 2016 low and the November 28, 2016 peak until March 3".
You can upvote the comment until 3 PM EST February 4 and you can upvote only one comment. 200% of Steem (2 X 0.137 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.

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Vcash will stay in a trading range between the December 23, 2016 low and the November 28, 2016 peak until March 3 (8 voters as of 3 PM EST February 4: helikopterben, twinner, spinbunny, bidnat, breezin, mirda, ragnaros, cronk).

Vcash will takeout the November 28, 2016 peak (6 voters as of 3 PM EST February 4: otisbrown, bleujay, anotherjoe, soundmoney, starline, andy23).

Vcash will drop below the December 23, 2016 low (4 voters as of 3 PM EST February 4: me-tarzan, gregory-f, yefet, coolthings).

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