Pinkcoin has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Pinkcoin began a five wave advance on February 1 in the one-hour chart. The wave five finished on February 2, and the three wave correction ended on February 3.
(Chart courtesy of Tradingview.com)
Looking at the four-hour chart, I believe Pinkcoin is currently in the wave three (sub-wave iii). The wave on began on January 4, and finished on January 27. The wave two correction ended on February 1. If this wave count is correct, Pinkcoin should be heading next towards the October 20, 2016 peak.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Pinkcoin from here:
https://steemit.com/pinkcoin/@maarnio/crypto-contest-january-8-pinkcoin
Disclosure: I am/we are long Pinkcoin.
If you think this analysis is correct, upvote this post and upvote the comment "Pinkcoin will takeout the October 20, 2016 peak".
(Chart courtesy of Tradingview.com)
If you think this analysis is wrong, upvote this post and upvote the comment "Pinkcoin will drop below the January 4 low".
If you think Pinkcoin is in a range, upvote this post and upvote the comment "Pinkcoin will stay in a trading range between the January 4 low and the October 20, 2016 peak until March 5".
You can upvote the comment until 3 PM EST February 6 and you can upvote only one comment. 200% of Steem (2 X 0.115 STEEM) 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.