Cryptocurrencies

Crypto Contest March 13: Zcoin

Zcoin (Bittrex: XZCUSD) 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, Zcoin began a wave one advance in November 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Zcoin should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Zcoin is an open-source privacy-focused cryptocurrency token that launched in September 2016. They announced yesterday that Zcoin is now spendable via the PolisPay debit card, which caused the latest price rally.

(Sources: Zcoin and Blog)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Zcoin will takeout the July 2018 peak”.

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

If you think Zcoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Zcoin will stay in a trading range between the December 2018 low and the July 2018 peak until April 17”.

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

You can upvote the comment until 3 PM EST March 16 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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