Crypto Contest November 5: PotCoin

PotCoin has broken out of the wedge pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe PotCoin has completed one cycle from the June lows. The five wave advance ended on the October 10, and the three wave correction finished on the October 31. If this wave count is correct, PotCoin should be heading next towards the October 10 peak.

(Chart courtesy of Tradingview.com)
Looking at the weekly chart, PotCoin is currently most likely in the wave five. The wave one started in the December 2015 and finished in the April 2016. The wave two correction ended in the June 2016, and the wave three advance finished on the October 10. The wave four correction ended on the October 31.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long PotCoin.

If you think this analysis is correct, upvote this post and upvote the comment "Potcoin will takeout the October 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "PotCoin will drop below the October 31 low".
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