Crypto Contest July 26: Viacoin

Viacoin (VIAUSD) 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, Viacoin began a wave one advance in February 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, Viacoin should be heading next towards the January 9 peak in the red wave three.

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

Funnymentals

Viacoin is an open source cryptocurrency created in 2014, derived from the BTC protocol that supports embedded consensus with an extended OP_RETURN of 120 byte. CoinKorea made a bold prediction about Viacoin four days ago.

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

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Viacoin will takeout the April 26 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Viacoin will drop below the June 24 low".

If you think Viacoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Viacoin will stay in a trading range between the June 24 low and the April 26 peak until August 30".

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

You can upvote the comment until 3 PM EST July 29 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.