Huntercoin has broken out of the channel pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Huntercoin began a wave one advance on January 4. The wave one (sub-waves i-v) finished on June 3, and the wave two (sub-waves a-b-c) correction ended on July 16. If this wave count is correct, Huntercoin should be heading next towards the June 3 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Huntercoin will takeout the June 3 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Huntercoin will drop below the January 4 low".
If you think Huntercoin is in a range, upvote this post and upvote the comment "Huntercoin will stay in a trading range between the January 4 low and the June 3 peak until August 17".
You can upvote the comment until 3 PM EST July 18 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Huntercoin will stay in a trading range between the January 4 low and the June 3 peak until August 17 (25 voters as of 3 PM EST July 18: bleujay, twinner, soundmoney, yefet, osmanbugra, daniel.dalo, allmonitors, ahinga, themovieplace, thatsweeneyguy, damla, mirda, flemingfarm, coolthings, abh12345, avarice, steemychess, ragnaros, andy23, lucasgabd, c-c-c, mprgrmmr, maxabit, rhino, kitcat).
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You won.
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Huntercoin will takeout the June 3 peak (9 voters as of 3 PM EST July 18: simonjay, libert, dirty.hera, steem-buzz, eirik, poppy.poppers, psilacetin, carlosdaniel, d-matteo).
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Huntercoin will drop below the January 4 low (10 voters as of 3 PM EST July 18: gregory-f, ikilledcobain (did not vote main post), starline, kooshikoo, razorwave8, miniature-tiger, tzap90, igsamuel, jznsamuel, lig007).
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I loved HUC when I was still on Poloniex. It gave good returns, I saw the drop and was wondering if it'll turn around. Thanks to your analysis, I might look into it again. Maybe on another platform – as Polo might be going belly up.
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You can get a good risk/reward trade here.
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Well explained!
It is time to go in
Also take a look on my post thank you!
https://steemit.com/money/@flyingcondor/let-us-shout-for-crytocurrency
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Thanks. Commented on your post.
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This post received a 1.3% upvote from @randowhale thanks to @maarnio! For more information, click here!
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