Crypto Contest August 4: Viacoin
Viacoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Viacoin began a wave one advance on March 10. The wave one finished on April 19, and the wave two correction ended on May 11. The wave three advance finished on June 21, and the wave four correction ended on July 16. If this wave count is correct, Viacoin should be heading next towards the June 21 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Viacoin will takeout the June 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Viacoin will drop below the May 11 low".
If you think Viacoin is in a range, upvote this post and upvote the comment "Viacoin will stay in a trading range between the May 11 low and the June 21 peak until September 4".
You can upvote the comment until 3 PM EST August 5 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Viacoin will stay in a trading range between the May 11 low and the June 21 peak until September 4 (26 voters as of 3 PM EST August 5: freiheit50, twinner, landofcrypto, yefet, soundmoney, lydon.sipe, me-tarzan, misalen, ahinga, architrader, cassidyandfranks, damla, rhino, themovieplace, starline, tzap90, mirda, coolthings, jznsamuel, ragnaros, natra, dpol, c-c-c, mprgrmmr, wallsnow, freskil).
You won.
Viacoin will takeout the June 21 peak (19 voters as of 3 PM EST August 5: otisbrown, gregory-f, catena, dirty.hera, kooshikoo, skririm, abh12345, lucasgabd, flemingfarm, libert, anetchen, psilacetin, eirik, miniature-tiger, andy23, digitalking, carlosdaniel, vermute, me-do).
Viacoin will drop below the May 11 low (7 voters as of 3 PM EST August 5: spinbunny, steemit.nemesis, osmanbugra, dlina-v-metrah, mela, lig007, sevinwilson).
Nice footnotes below. I use steem to do the same thing. thanks for the upvote. Looked at some of your charts. Great way of providing updates on random alt-coins. theyre always fun
Thank you Urban Dragon. Yes. They are fun to follow and to trade.
This post has been ranked within the top 80 most undervalued posts in the first half of Aug 04. We estimate that this post is undervalued by $10.40 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 04 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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