Crypto Contest July 28: Zclassic

Zclassic (ZCLBTC) 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 December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 30. If this wave count is correct, Zclassic should be heading next towards the February 14 peak in the red wave three.

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

Funnymentals

There are currently two proposals for the future of ZClassic. One is from ZClassic CE and the other one is from ZClassic Blue. There is also a third one from ANON.

(Sources: https://zclassic.org/ and Reddit and Medium and docroid and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zclassic will takeout the April 27 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 March 30 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 March 30 low and the April 27 peak until September 1".

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

You can upvote the comment until 3 PM EST July 31 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.