Crypto Contest June 12: Ethereum Classic

Ethereum Classic (ETCETH) 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, Ethereum Classic began a wave one advance on February 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 20, and the red wave two (blue sub-waves a-b-c) correction ended on June 10. If this wave count is correct, Ethereum Classic should be heading next towards the February 20 peak in the red wave three.

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

Funnymentals

Coinbase just announced they will add Ethereum Classic.

(Sources: https://ethereumclassic.org/ and YouTube and Medium)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ethereum Classic will takeout the February 20 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ethereum Classic will drop below the February 1 low".

If you think Ethereum Classic is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ethereum Classic will stay in a trading range between the February 1 low and the February 20 peak until July 18".

You can upvote the comment until 3 PM EST June 15 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.