Crypto Contest August 12: GeoCoin

GeoCoin (GEOBTC) 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, GeoCoin began a wave one advance in January 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on July 31. If this wave count is correct, GeoCoin should be heading next towards the January 4 peak in the red wave three.

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

Funnymentals

With GeoCoin you can find real money just by visiting a location. Here is their latest demo video which was published on August 7.

(Sources: https://geocoin.cash/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "GeoCoin will takeout the April 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "GeoCoin will drop below the December 2017 low".

If you think GeoCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "GeoCoin will stay in a trading range between the December 2017 low and the April 2018 peak until September 16".

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

You can upvote the comment until 3 PM EST August 15 and you can upvote only one comment. 50% of liquid STEEM + 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.