WhiteCoin (XWCUSD) 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, WhiteCoin began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 16 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 25. If this wave count is correct, WhiteCoin should be heading next towards the January 16 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
WhiteCoin is a three year old decentralized global blockchain with a focus on cyber security, payments & secure communications. Coin Listing Competition gave a very brief history lesson last month.
(Sources: https://www.whitecoin.info/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "WhiteCoin will takeout the January 16 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "WhiteCoin will drop below the April 25 low".
If you think WhiteCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "WhiteCoin will stay in a trading range between the April 25 low and the January 16 peak until July 21".
You can upvote the comment until 3 PM EST June 18 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 (
