CashBet Coin (Bittrex: CBCBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, CashBet Coin began a wave one advance on November 23. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 5, and the red wave two (blue sub-waves a-b-c) correction ended on December 9. If this wave count is correct, CashBet Coin should be heading next towards the December 5 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
CashBet Coin is the exclusive token of the CashBet iGaming platform. You can view their September presentation below.
(Sources: https://coin.cashbet.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "CashBet Coin will takeout the December 5 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "CashBet Coin will drop below the November 23 low".
If you think CashBet Coin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "CashBet Coin will stay in a trading range between the November 23 low and the December 5 peak until January 18, 2019".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST December 17 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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