Crypto Contest May 6: ZenCash
ZenCash (ZENUSD) 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, ZenCash began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 30, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on March 27. If this wave count is correct, ZenCash should be heading next towards the December 30, 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ZenCash is a privacy coin. CryptoCandor published a coin review about ZenCash on April 26.
(Sources: https://zencash.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZenCash will takeout the December 30, 2017 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZenCash will drop below the March 27 low".
If you think ZenCash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZenCash will stay in a trading range between the March 27 low and the December 30, 2017 peak until June 11".
You can upvote the comment until 3 PM EST May 9 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.
ZenCash will stay in a trading range between the March 27 low and the December 30, 2017 peak until June 11 (39 voters as of 3 PM EST May 9: helikopterben, gregory-f, glennolua, misalen, steemit.nemesis, mgood, toofasteddie, cryptotem, lydon.sipe, rothberg, lucasgabd, diogosantos, themovieplace, starline, koskl, catchup, nicolaepavelean, qmarpot, mirda, costanza, richard78624, portillo, mike11, lovetaxi005, margaritaradkova, amity123, marverick984, ahinga, coolthings, mihail.tsvetkov, pario, biomanu, techlife, afrinsultana, easymoney202, neo-wiza, askeb, cmoljoe, borban).
ZenCash will takeout the December 30, 2017 peak (33 voters as of 3 PM EST May 9: bleujay, steemquestions, positivebalances, revelationquotes, bentleycapital, ace108, simonjay, sanjay91422, bxlphabet, me-do, crokkon, jznsamuel, kunschj, komischername, flemingfarm, reconnectnature, carlosdaniel, steem-d-anlovnit, barbadosso, tuvokhl, sporttr, harryp3, nordina, utkarshvarma, mitrado, criptorafa, galasek, andy23, chotho, elisablogs, heidelbaer, beiker, acehnature).
ZenCash will drop below the March 27 low (7 voters as of 3 PM EST May 9: skepticology, sqlinsix, dlina-v-metrah, punjolife, photo-moment, ragnaros, stalexmkl).