Crypto Contest October 11: Ravencoin

Crypto Contest October 11: Ravencoin

Ravencoin (Bittrex: RVNUSD) 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, Ravencoin began a wave one advance in February. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, Ravencoin should be heading next towards the June peak in the red wave three.

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

Funnymentals

Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another. Crypto Mobster reviewed the project back in June.

How Will Ravencoin Trade?

Ravencoin (Bittrex: RVNUSD) daily 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.

• Ravencoin will takeout the July 22 peak

• Ravencoin will drop below the September 26 low

• Ravencoin will stay in a trading range between the September 26 low and the July 22 peak until November 16

Answer the question at dpoll.xyz.