Crypto Contest July 22: SIBCoin

SIBCoin (SIBUSD) 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, SIBCoin began a wave one advance on February 25, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2017 and the red wave two (blue sub-waves a-b-c) correction ended on June 29 this year. If this wave count is correct, SIBCoin should be heading next towards the December 24, 2017 peak in the red wave three.

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

Funnymentals

SIBCoin is a peer-to-peer cryptocurrency, employing a reimagined version of Dash blockchain with several fundamental improvements. Sibcoin published a video on June 12 explaining why you should open a SIBCoin masternode.

(Sources: https://sibcoin.money/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "SIBCoin will takeout the April 24 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "SIBCoin will drop below the June 29 low".

If you think SIBCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "SIBCoin will stay in a trading range between the June 29 low and the April 24 peak until August 26".

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

You can upvote the comment until 3 PM EST July 25 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.