Crypto Contest June 27: Mercury

Mercury (MERBTC) 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, Mercury began a wave one advance on November 18, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 26. If this wave count is correct, Mercury should be heading next towards the January 4 peak in the red wave three.

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

Funnymentals

Mercury is a Waves-powered provenance token. The latest Darcrus Q&A was recorded on April 10 with the role of Mercury token explained.

(Sources: https://www.darcr.us/products/mercury/ and YouTube)

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

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Mercury will drop below the November 18, 2017 low".

If you think Mercury is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Mercury will stay in a trading range between the November 18, 2017 low and the April 3 peak until August 2".

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

You can upvote the comment until 3 PM EST June 30 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.