Crypto Contest October 23: AppCoins

AppCoins (APPCBTC) 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, AppCoins began a wave one advance on September 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 1, and the red wave two (blue sub-waves a-b-c) correction ended on October 12. If this wave count is correct, AppCoins should be heading next towards the October 1 peak in the red wave three.

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

Funnymentals

AppCoins is an open and distributed protocol for App Stores using blockchain technology and smart contracts. Decentralized TV featured the token earlier this year.

(Sources: https://appcoins.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "AppCoins will takeout the July peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "AppCoins will drop below the September low".

If you think AppCoins is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "AppCoins will stay in a trading range between the September low and the July peak until November 27".

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

You can upvote the comment until 3 PM EST October 26 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) 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.