Crypto Contest March 20: TransferCoin

TransferCoin (TXUSD) 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, TransferCoin began a wave one advance on February 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 3, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, TransferCoin should be heading next towards the March 3 peak in the red wave three.

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

Looking at the daily chart, I believe TransferCoin is currently in the red wave three (blue sub-wave iii). The red wave three began on February 25.

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

In the monthly chart, TransferCoin is most likely in the red wave five.

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

Funnymentals

The decentralized TransferCoin network aims to be a fungible and untraceable digital medium of exchange. In this official video you can find the instructions how to install a TransferCoin masternode.

(Sources: https://txproject.io/ and YouTube)

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

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "TransferCoin will drop below the February 25 low".

If you think TransferCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "TransferCoin will stay in a trading range between the February 25 low and the March 3 peak until April 25".

You can upvote the comment until 3 PM EST March 23 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.