Crypto Contest January 3: Ecoin

Crypto Contest January 3: Ecoin

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Ecoin (HitBTC: ECOINUSD) 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, ECOIN began a wave one advance on October 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 7, and the red wave two (blue sub-waves a-b-c) correction ended on December 18. If this wave count is correct, ECOIN should be heading next towards the November 7 peak in the red wave three.

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

Funnymentals

Ecoin is an electronic cash system for face-to-face payment.

(Sources: http://ecoin.org/)

How Will Ecoin Trade?

Ecoin (HitBTC: ECOINUSD) 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.

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• ECOIN will takeout the November 7 peak

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• ECOIN will drop below the October 13 low

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• ECOIN will stay in a trading range between the October 13 low and the November 7 peak until February 8

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Answer the question at dpoll.xyz.