VeriCoin (VRCUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, VeriCoin began a wave one advance in January 2015. The wave one finished in July 2016, and the wave two correction ended in January this year. The wave three advance finished on June 30, and the wave four correction ended on July 16. If this wave count is correct, VeriCoin should be heading next towards the June 30 peak in the wave five.
(Chart courtesy of Tradingview.com)
In the monthly chart, I believe VeriCoin is currently in the red wave three (blue sub-wave v).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "VeriCoin will takeout the June 30 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "VeriCoin will drop below the July 16 low".
If you think VeriCoin is in a range, upvote this post and upvote the comment "Vericoin will stay in a trading range between the July 16 low and the June 30 peak until October 6".
You can upvote the comment until 3 PM EST September 6 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). Only participants with a Reputation of 35 or more will qualify in the contest.