Crypto Contest October 29: PinkCoin

PinkCoin (PINKUSD) was trying to break out of the triangle pattern earlier today in the daily chart.

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

Elliott Wave Analysis

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

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

Funnymentals

PinkCoin is a blockchain based donation platform. Blockchain WTF interviewed the founder this summer.

(Sources: https://getstarted.with.pink/ and YouTube)

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

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

If you think PinkCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "PinkCoin will stay in a trading range between the August low and the September peak until December 3".

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

You can upvote the comment until 3 PM EST November 1 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 1

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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.