Crypto Contest January 30: Vertcoin
Vertcoin has broken the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Vertcoin began a five wave advance on January 4 in the three-hour chart. The wave three ended on January 29, and the wave four correction finished later on the same day. I believe Vertcoin is currently in a wave five, which should takeout the January 29 peak.
(Chart courtesy of Tradingview.com)
Looking at the four-hour chart, I believe Vertcoin is currently in the wave three (sub-wave v). The wave one began on December 4, 2016, and finished on December 14, 2016. The wave two correction ended on January 4.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Vertcoin.
If you think this analysis is correct, upvote this post and upvote the comment "Vertcoin will takeout the September 13, 2016 peak".
(Chart courtesy of Tradingview.com)
If you think this analysis is wrong, upvote this post and upvote the comment "Vertcoin will drop below the December 4, 2016 low".
If you think Vertcoin is in a range, upvote this post and upvote the comment "Vertcoin will stay in a trading range between the December 4, 2016 low and the September 13, 2016 peak until February 27".
You can upvote the comment until 3 PM EST January 31 and you can upvote only one comment. 200% of Steem (2 X 0.195 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.
Vertcoin will stay in a trading range between the December 4, 2016 low and the September 13, 2016 peak until February 27 (7 voters as of 3 PM EST January 31: helikopterben, bleujay, meesterboom, spinbunny, yefet, bidnat, grildrig).
You won.
Vertcoin will takeout the September 13, 2016 peak (2 voters as of 3 PM EST January 31: otisbrown, soundmoney).
Vertcoin will drop below the December 4, 2016 low (5 voters as of 3 PM EST January 31: me-tarzan, gregory-f, twinner, anotherjoe, mirda).
Vertcoin will stay in a trading range between the December 4, 2016 low and the September 13, 2016 peak until February 27
Thank you for posting @maarnio.
Appreciate all the rewards and the opportunity to participate.
Cheers.
Thank you bleujay.
This post has been ranked within the top 80 most undervalued posts in the first half of Jan 30. We estimate that this post is undervalued by $6.44 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 30 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.