Crypto Contest July 29: Clams

Clams (CLAMUSD) 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, Clams began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, Clams should be heading next towards the January 8 peak in the red wave three.

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

Looking at the monthly chart, I believe Clams is currently in the red wave three (blue sub-wave iii). The red wave three began in November 2015.

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

Funnymentals

If you held a balance on May 12th 2014 in a BTC, LTC, or DOGE address then you most likely already have Clams waiting to be dug up. Michael Cox has made a short teaser about Clams.

(Sources: https://clamcoin.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Clams will takeout the May 3 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Clams will drop below the June 24 low".

If you think Clams is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Clams will stay in a trading range between the June 24 low and the May 3 peak until September 2".

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

You can upvote the comment until 3 PM EST August 1 and you can upvote only one comment. 50% of 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

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.