Cryptocurrencies

Crypto Contest March 26: Davinci Coin

Davinci Coin (Huobi: DACBTC) 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, Davinci Coin began a wave one advance on October 17, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 20, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 29 this year. If this wave count is correct, Davinci Coin should be heading next towards the November 2018 peak in the red wave three.

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

Funnymentals

The Davinci Project was initiated to promote exchanges between Korean and Chinese people through the blockchain technology of Korea. You can view their road map below.

(Sources: Davinci and Road Map)

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

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

If you think Davinci Coin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Davinci Coin will stay in a trading range between the October 2018 low and the November 2018 peak until April 30”.

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

You can upvote the comment until 3 PM EST March 29 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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