Crypto Contest May 5: Vertcoin
Vertcoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Vertcoin began a wave one advance on November 29, 2016. The wave one finished on February 2 this year, and the wave two correction ended on March 10. The wave three advance finished on April 10, and the wave four correction ended on April 20. If this wave count is correct, Vertcoin should be heading next towards the April 10 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Vertcoin will takeout the April 10 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Vertcoin will drop below the March 10 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 March 10 low and the April 10 peak until May 31".
You can upvote the comment until 3 PM EST May 6 and you can upvote only one comment. 200% of 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 takeout the April 10 peak (13 voters as of 3 PM EST May 6: otisbrown, gregory-f, simonjay, allyouneedtoknow, kooshikoo, alexrickard86, soundmoney, cassidyandfranks, avarice, mirda, daniel.dalo, dirty.hera, geocurt).
Heck yes it will!
I'm with you!
You won.
Great!!! Thank you very much! :)
You are welcome Daniel.
Vertcoin will stay in a trading range between the March 10 low and the April 10 peak until May 31 (5 voters as of 3 PM EST May 6: bleujay, twinner, spinbunny, yefet, starline).
Vertcoin will drop below the March 10 low (4 voters as of 3 PM EST May 6: me-tarzan, sevinwilson, ikilledcobain, coolthings).
This post has been ranked within the top 50 most undervalued posts in the second half of May 05. We estimate that this post is undervalued by $4.47 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 05 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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