Crypto Contest May 31: FoldingCoin
FoldingCoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, FoldingCoin began a wave one advance on March 4. The wave one finished on April 1, and the wave two correction ended on April 7. The wave three advance finished on May 21, and the wave four correction ended on May 27. If this wave count is correct, FoldingCoin should be heading next towards the May 21 peak in the wave five.
(Chart courtesy of Tradingview.com)
Zooming out in the daily chart, I believe FoldingCoin is currently in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "FoldingCoin will takeout the May 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "FoldingCoin will drop below the April 7 low".
If you think FoldingCoin is in a range, upvote this post and upvote the comment "FoldingCoin will stay in a trading range between the April 7 low and the May 21 peak until June 26".
You can upvote the comment until 3 PM EST June 1 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). Only participants with a Reputation of 35 or more will qualify in the contest.
FoldingCoin will takeout the May 21 peak (13 voters as of 3 PM EST June 1: bleujay, otisbrown, simonjay, sqlinsix, soundmoney, ikilledcobain, abh12345, starline, eirik, skririm, mprgrmmr, dirty.hera, ragnaros).
You won.
FoldingCoin will drop below the April 7 low (9 voters as of 3 PM EST June 1: me-tarzan, cm-steem, gregory-f, yefet, daniel.dalo, jamdonut, mirda, avarice, andy23).
FoldingCoin will stay in a trading range between the April 7 low and the May 21 peak until June 26 (12 voters as of 3 PM EST June 1: twinner, spinbunny, razorwave8, allyouneedtoknow, steemquestions, sevinwilson, cassidyandfranks, coolthings, jznsamuel, damla, timoshey, fintekneeks).
good work..
Thanks clickvicky.
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I'll watch this one. How many of your predictions in the past have come true? Thanks for taking the time to write this.
Around 90%.