TransferCoin (Bittrex: TXBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, TransferCoin began a wave one advance in September 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, TransferCoin should be heading next towards the October 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TransferCoin is a cryptocurrency with masternodes. You can view the masternode stats below.
(Sources: TransferCoin and MasterNodes)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "TransferCoin will takeout the August 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "TransferCoin will drop below the November 2018 low".
If you think TransferCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "TransferCoin will stay in a trading range between the November 2018 low and the August 2018 peak until March 1".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 28 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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