Primecoin (XPMBTC) 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, Primecoin began a wave one advance on December 9, 2017. The red wave one finished on January 27 this year, and the red wave two correction ended on February 22. The red wave three advance finished on May 1, and the red wave four correction ended on June 29. If this wave count is correct, Primecoin should be heading next towards the January 27 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Primecoin is a proof-of-work coin based on searching for prime numbers. Exploit Run covered some of the reasons behind the latest price surge in April.
(Sources: http://primecoin.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will takeout the May 1 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will drop below the February 22 low".
If you think Primecoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will stay in a trading range between the February 22 low and the May 1 peak until August 15".
You can upvote the comment until 3 PM EST July 14 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.
Primecoin will stay in a trading range between the February 22 low and the May 1 peak until August 15 (31 voters as of 3 PM EST July 14: bleujay, gregory-f, bentleycapital, novus-locus, glennolua, soundmoney, positivebalances, simonjay, abh12345, koskl, steem-d-anlovnit, misalen, kunschj, starline, rothberg, photoquote, nicolaepavelean, afrinsultana, mirda, diogosantos, cryptotem, catchup, revelationquotes, portillo, sanjay91422, galasek, mitrado, richard78624, costanza, harryp3, askeb).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You won. Paid out from @maarnio1
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Primecoin will drop below the February 22 low (14 voters as of 3 PM EST July 14: sqlinsix, skepticology, jznsamuel, vicspics, allyouneedtoknow, freiheit50, jozef230, reconnectnature, milano1113, tzap90, mgood, coolthings, ragnaros, nzl19500).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Primecoin will takeout the May 1 peak (10 voters as of 3 PM EST July 14: lydon.sipe, toofasteddie, crokkon, steemit.nemesis, fitinfun, janine-ariane, bxlphabet, beiker, nordina, sporttr).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Primecoin (XPM) is, in my opinion, another coin that is overvalued in terms of current market cap, plus the fact that it doesn't have a limit supply...
I wouldn't invest in this coin, but that´s me being reserved. But for the contest sake I will say that XPM price won't be changing much in the next month.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I want to buy primecoin. Where I can buy it ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Here is a list of the markets:
https://coinmarketcap.com/currencies/primecoin/#markets
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @maarnio! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes received
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
To support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Semi Finals - Day 1
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit