Crypto Contest August 2: BHPCoin

BHPCoin (Bithumb: BHPKRW) 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, BHPCoin began a wave one advance on March 2. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 27, and the red wave two (blue sub-waves a-b-c) correction ended on July 24. If this wave count is correct, BHPCoin should be heading next towards the June 27 peak in the red wave three.

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

Funnymentals

BHP（Blockchain of Hash Power）is a public chain which is a decentralized digital asset interaction network based on bitcoin hash power credit. You can read their latest bi-weekly update below.

(Sources: BHPCoin and Blog)

How can I vote? Where is the contest?

You can vote by following this link.