Crypto Contest May 7: ZCoin

ZCoin (XZCUSD) 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, ZCoin began a wave one advance on July 16, 2017. The wave one finished on September 1, 2017, and the wave two correction ended on September 15, 2017. The wave three advance finished on December 26, 2017, and the wave four correction ended on April 12 this year. If this wave count is correct, ZCoin should be heading next towards the December 26, 2017 peak in the wave five.

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

Looking at the weekly chart, I believe ZCoin is currently in the red wave three (blue sub-wave v). The red wave three began on July 16, 2017.

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

Funnymentals

ZCoin is a privacy coin. CryptoCandor published a privacy coin review including six different privacy coins on April 10.

(Sources: https://zcoin.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZCoin will takeout the December 26, 2017 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZCoin will drop below the April 12 low".

If you think ZCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZCoin will stay in a trading range between the April 12 low and the December 26, 2017 peak until June 12".

You can upvote the comment until 3 PM EST May 10 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).

Bonus

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.