Crypto Contest May 17: Hcash

Hcash (HSRBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Hcash began a wave one advance on March 18. The red wave one finished on March 31, and the red wave two correction ended on April 8. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 3, and the red wave four (blue sub-waves a-b-c) correction ended on May 12. If this wave count is correct, Hcash should be heading next towards the May 3 peak in the red wave five.

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

Funnymentals

Hcash is a decentralized and open-source cross platform cryptocurrency. Cryptocurrency Australia published a coin review on April 16.

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

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Hcash will takeout the May 3 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Hcash will drop below the April 8 low".

If you think Hcash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Hcash will stay in a trading range between the April 8 low and the May 3 peak until June 22".

You can upvote the comment until 3 PM EST May 20 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.