Crypto Contest July 25: Rubycoin

Rubycoin (RBYUSD) 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, Rubycoin began a wave one advance in May 2014. The red wave one finished in June 2014, and the red wave two correction ended in February 2015. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in October 2017, and the red wave four (blue sub-waves a-b-c) correction ended on June 13 this year. If this wave count is correct, Rubycoin should be heading next towards the October 2017 peak in the red wave five.

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

Funnymentals

Rubycoin is a precious gem for the digital age. You can view a short teaser about the coin below.

(Sources: https://www.rubycoin.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Rubycoin will takeout the May 10 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Rubycoin will drop below the June 13 low".

If you think Rubycoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Rubycoin will stay in a trading range between the June 13 low and the May 10 peak until August 29".

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

You can upvote the comment until 3 PM EST July 28 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.