Crypto Contest September 3: Pesetacoin

Pesetacoin (PTCUSD) 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, Pesetacoin began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 14. If this wave count is correct, Pesetacoin should be heading next towards the January peak in the red wave three.

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

Funnymentals

Pesetacoin is a cryptocurrency developed for the Spanish people. You can view their official promo video below.

(Sources: http://pesetacoin.info/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pesetacoin will takeout the April 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pesetacoin will drop below the July 2017 low".

If you think Pesetacoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pesetacoin will stay in a trading range between the July 2017 low and the April 2018 peak until October 8".

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

You can upvote the comment until 3 PM EST September 6 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

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.