Crypto Contest April 15: PIVX

PIVX (PIVXUSD) 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, PIVX began a wave one advance in April 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 23 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, PIVX should be heading next towards the January 23 peak in the red wave three.

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

Funnymentals

PIVX stands for Private Instant Verified Transactions. Decentralized TV featured PIVX on February 7.

(Sources: https://pivx.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "PIVX will takeout the January 23 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "PIVX will drop below the November 2, 2017 low".

If you think PIVX is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "PIVX will stay in a trading range between the November 2, 2017 low and the January 23 peak until May 21".

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

You can upvote the comment until 3 PM EST April 18 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.