Cryptocurrencies

Crypto Contest March 29: Primecoin

Primecoin (Poloniex: XPMUSD) 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, Primecoin began a wave one leading diagonal advance in April 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, Primecoin should be heading next towards the April 2018 peak in the red wave three.

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

Funnymentals

Primecoin is a Proof-of-Work cryptocurrency based on searching for prime numbers. You can view their introduction video below.

(Sources: Primecoin and YouTube)

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

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Primecoin will drop below the February 2019 low”.

If you think Primecoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Primecoin will stay in a trading range between the February 2019 low and the October 2018 peak until May 3”.

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

You can upvote the comment until 3 PM EST April 1 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.

Related posts

Cryptocurrency Quarterly Report

Bit Brain

Index to Crypto with Bit Brain – Edition 2019/2

Bit Brain

Crypto Contest August 23: Crypterium

Markus Aarnio
No comments yet