Crypto Contest July 1: 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 May 28. The wave one finished on June 10, and the wave two correction ended on June 13. The wave three advance finished on June 21, and the wave four correction ended on June 26. 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)
In the weekly chart, I believe Viacoin is currently in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, Viacoin is most likely in the wave three.
(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 June 13 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 June 13 low and the June 21 peak until August 1".
You can upvote the comment until 3 PM EST July 2 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 takeout the June 21 peak (27 voters as of 3 PM EST July 2: yefet, otisbrown, simonjay, soundmoney, dirty.hera, lydon.sipe, damla, themovieplace, migo25, skririm, flemingfarm, poppy.poppers, ladycrypto, kitcat, pinagpala, eirik, ragnaros, mprgrmmr, jznsamuel, spassvogel, carlosdaniel, promoplugs, lakov, davevandewalle, rhino, psilacetin, stay9n0).
I've been following this one a little...but it's yet to make it into my portfolio. Thanks for the analysis.
Thanks Dave. Could be good for a quick trade.
First time entering! Its looking good on the 12 hour chart too
Yep. Thank you.
Viacoin will stay in a trading range between the June 13 low and the June 21 peak until August 1 (9 voters as of 3 PM EST July 2: me-tarzan, gregory-f, twinner, acid78, mirda, kooshikoo, andy23, imvictus, miniature-tiger).
Viacoin will drop below the June 13 low (4 voters as of 3 PM EST July 2: starline, razorwave8, junoooo, lig007).
You won.
wow, are those your charts , are you an elliot wave chartist?
Yes. They are my labels.
Maybe today's contest will last longer than yesterdays. :)
Yes. You never know.
First time entering the contest, hope you are correct @maarnio.
Peace, Carlos ;)
Thanks Carlos. Good luck to us.
This post has been ranked within the top 50 most undervalued posts in the second half of Jul 01. We estimate that this post is undervalued by $24.33 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 01 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Good points in this article. Good to see I'm not the only one who thinks like this. No matter how populair a coin is. People should always do a proper background check. It surprises me how many coins are out there that don't have their basics right. An interesting website I found: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. See: https://www.coincheckup.com/coins/Viacoin#analysis To see the: Viacoin Detailed report