Crypto Contest July 8: ReddCoin

in blockchain •  4 years ago 

ReddCoin (Bittrex: RDDUSD) 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, RDD began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 11, and the red wave two (blue sub-waves a-b-c) correction ended on June 27. If this wave count is correct, RDD should be heading next towards the May 11 peak in the red wave three.

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

Zooming out in the monthly chart, I believe RDD is currently in the red wave three.

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

Funnymentals

Reddcoin is a decentralized cryptocurrency used to tip or send payments for social content. Coin Bureau reviewed the coin last year.

(Sources: https://www.reddcoin.com/)

How Will Reddcoin Trade?

ReddCoin (Bittrex: RDDUSD) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

RDD will takeout the May 11 peak

RDD will drop below the April 16 low

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

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RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

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RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

RDD se mantendrá en un rango de negociación entre el mínimo del 16 de abril y el máximo del 11 de mayo hasta el 13 de agosto

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

Correct. Upvoted your comment:
https://steemit.com/shoes/@jmehta/qf78gt

RDD will drop below the April 16 low

RDD will drop below the April 16 low

RDD will drop below the April 16 low

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

RDD will takeout the May 11 peak

RDD will takeout the May 11 peak

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

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$trdo

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  ·  4 years ago 

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RDD will takeout the May 11 peak

RDD will drop below the April 16 low

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

Correct. Upvoted your comment:
https://steemit.com/blockchain/@gretna/qf4ya7

RDD will takeout the May 11 peak

  ·  4 years ago 

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  ·  4 years ago 


It’s a tie! 平局!再来!下回我再出拳头!

stone

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

Correct. Upvoted your comment:
https://steemit.com/blockchain/@m29/qf4yd7

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

thanks....

You are welcome.

RDD will drop below the April 16 low

RDD will takeout the May 11 peak

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

RDD will drop below the April 16 low

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

Correct. Upvoted your comment:
https://steemit.com/blockchain/@blackyear/qf5mt5

RDD will takeout the May 11 peak

RDD will takeout the May 11 peak

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

Correct. Upvoted your comment:
https://steemit.com/blockchain/@calg/qf5lfn

RDD will drop below the April 16 low

RDD will takeout the May 11 peak

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

Correct. Upvoted your comment:
https://steemit.com/blockchain/@futurra/qfasov

RDD will takeout the May 11 peak

RDD will takeout the May 11 peak

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RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

Correct. Upvoted your comment:
https://steemit.com/hive-148441/@vaco/qf9vks

RDD will stay in a trading range between the April 16 low and the May 11 peak until August 13

Thank you

You are welcome.