Crypto Contest September 6: VeriumReserve

VeriumReserve (VRMBTC) 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, VeriumReserve began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in July 2017, and the red wave two (blue sub-waves a-b-c) correction ended in August this year. If this wave count is correct, VeriumReserve should be heading next towards the July 2017 peak in the red wave three.

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

Funnymentals

Verium was created to be an innovative, independent store of value asset, in addition to supporting the VeriCoin blockchain. You can view the official promo video below.

(Sources: https://vericoin.info/verium-digital-reserve/ and YouTube)

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

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

If you think VeriumReserve is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "VeriumReserve will stay in a trading range between the August low and the April peak until October 11".

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

You can upvote the comment until 3 PM EST September 9 and you can upvote only one comment. 50% of liquid STEEM + 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

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Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.