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Crypto Contest June 9: Viacoin

maarnio

Published: 09 Jun 2020 › Updated: 09 Jun 2020Crypto Contest June 9: Viacoin

Crypto Contest June 9: Viacoin

Viacoin (Bittrex: VIAUSD) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, VIA began a red wave one advance in March 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in March this year. If this wave count is correct, VIA should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Viacoin is an open source cryptocurrency created in 2014, derived from the BTC protocol that supports embedded consensus with an extended OP_RETURN of 120 byte. Coin Bureau reviewed the coin last year.

(Sources: https://viacoin.org/)

How Will Viacoin Trade?

Viacoin (Bittrex: VIAUSD) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

VIA will takeout the May 29 peak

VIA will drop below the May 10 low

VIA will stay in a trading range between the May 10 low and the May 29 peak until July 14

Leave Crypto Contest June 9: Viacoin to:

Written by

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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