Cryptocurrencies

Crypto Contest April 12: OKCash

OKCash (Bittrex: OKUSD) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, OKCash began a wave one (blue sub-waves i-ii-iii-iv-v) advance in May 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, OKCash should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

OKCash is a decentralized open-source digital cash system. The next block reward halving is scheduled in 22 days.

(Sources: OKCash and Block Reward Halving)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “OKCash will takeout the January 2019 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “OKCash will drop below the November 2018 low”.

If you think OKCash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “OKCash will stay in a trading range between the November 2018 low and the January 2019 peak until May 17”.

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

You can upvote the comment until 3 PM EST April 15 and you can upvote only one comment. 50% of liquid STEEM + 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 1

I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card 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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.

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