Crypto Contest February 17: Siacoin

Crypto Contest February 17: Siacoin

Siacoin (Poloniex: SCUSD) has broken out of the triangle pattern in the monthly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, SC began a wave one advance in December 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2019. If this wave count is correct, SC should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Siacoin aims to provide an open-source low-cost solution for cloud storage. Coin Bureau reviewed the project back in December 2019.

How Will Siacoin Trade?

Siacoin (Poloniex: SCUSD) weekly chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

• SC will takeout the May 2019 peak

• SC will drop below the December 2019 low

• SC will stay in a trading range between the December 2019 low and the May 2019 peak until March 23

Answer the question at dpoll.xyz.