Crypto Contest February 26: ZClassic

ZClassic (ZCLUSD) 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, ZClassic began a wave one advance on September 15, 2017. The red wave one finished on October 20, 2017, and the red wave two correction ended on December 7, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 7 this year, and the red wave four (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, ZClassic should be heading next towards the January 7 peak in the red wave five.

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

Looking at the weekly chart, I believe ZClassic is currently in the red wave three (blue sub-wave v). The red wave three began on September 15, 2017.

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

In the monthly chart, I believe ZClassic is currently in the red wave three (blue sub-wave iii). The blue sub-wave three began on September 15, 2017.

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

Funnymentals

There will be a ZClassic hard fork in two days. You can find the details at the Bitcoin Private website.

(Sources: https://zclassic.org/ and Bitcoin Private)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZClassic will takeout the January 7 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZClassic will drop below the February 6 low".

If you think ZClassic is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ZClassic will stay in a trading range between the February 6 low and the January 7 peak until April 3".

You can upvote the comment until 1 PM EST February 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 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.