Crypto Contest February 9: HyperCash
HyperCash (Binance: HCBTC) 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, HyperCash began a wave one advance on December 8, 2018. The red wave one finished on December 18, 2018, and the red wave two correction ended on December 25, 2018. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 12 this year, and the red wave four (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, HyperCash should be heading next towards the January 12 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Hcash is a decentralised and open-source cross-platform cryptocurrency and is designed to facilitate the exchange of information between blockchains and non-blockchain networks. Crypto Investing reviewed the coin in September 2018.
(Sources: HyperCash and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "HyperCash will takeout the January 12 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "HyperCash will drop below the December 8, 2018 low".
If you think HyperCash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "HyperCash will stay in a trading range between the December 8, 2018 low and the January 12 peak until March 16".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST February 12 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).
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Published by Maarnio
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HyperCash will takeout the January 12 peak (6 voters as of 3 PM EST February 12: bleujay, bentleycapital, steemit.nemesis, ace108, lydon.sipe, galasek).
HyperCash will stay in a trading range between the December 8, 2018 low and the January 12 peak until March 16 (12 voters as of 3 PM EST February 12: freiheit50, gregory-f, abh12345, barbadosso, allyouneedtoknow, toofasteddie, kunschj, harryp3, jznsamuel, steem-d-anlovnit, mgood, fullcoverbetting).
You won. Paid out from @maarnio1
HyperCash will drop below the December 8, 2018 low (5 voters as of 3 PM EST February 12: sqlinsix, diana.feuerberg, skepticology, vicspics, mitrado).
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Sometimes i always find if difficult to read these mrket charts
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