Crypto Contest April 11: Siacoin
Siacoin (Poloniex: SCUSD) 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, Siacoin began a wave one (blue sub-waves i-ii-iii-iv-v) advance in December 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, Siacoin should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Siacoin provides an open-source low-cost solution for cloud storage. Crypto Big Boss reviewed the coin in January this year.
(Sources: Siacoin and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Siacoin 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) "Siacoin will drop below the February 2019 low".
If you think Siacoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Siacoin will stay in a trading range between the February 2019 low and the October 2018 peak until May 16".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST April 14 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
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Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Siacoin will stay in a trading range between the February 2019 low and the October 2018 peak until May 16 (16 voters as of 3 PM EST April 14: bleujay, bentleycapital, diana.feuerberg, gregory-f, abh12345, mellofello, positivebalances, harryp3, toofasteddie, steem-d-anlovnit, jznsamuel, diogosantos, mitrado, fullcoverbetting, simonjay, richard78624).
You won. Paid out from @maarnio1
Siacoin will drop below the February 2019 low (7 voters as of 3 PM EST April 14: sqlinsix, freiheit50, vicspics, skepticology, galasek, funnel, mgood).
Not only siacoin, but a lot of coins now can boom very soon. Holding such coins is the best choice now.
Siacoin will takeout the October 2018 peak (7 voters as of 3 PM EST April 14: barbadosso, allyouneedtoknow, steemit.nemesis, reconnectnature, kunschj, ace108, sporttr).
I still have a lot of hope for Siacoin, I don't hold any Siacoin anymore, but I think they have kept going with their plans through the bear market.
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