Crypto Contest August 31: SPIN Protocol

SPIN Protocol (Bittrex: SPINBTC) 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, SPIN began a wave one advance on August 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 13, and the red wave two (blue sub-waves a-b-c) correction ended on August 27. If this wave count is correct, SPIN should be heading next towards the August 13 peak in the red wave three.

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

Funnymentals

SPIN Protocol is a decentralized, influencer-driven e-commerce ecosystem. You can watch their intro video below.

(Sources: SPIN Protocol and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.