PinkCoin (PINKUSD) was trying to break out of the triangle pattern earlier today in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, PinkCoin began a wave one advance in August 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended in August. If this wave count is correct, PinkCoin should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
PinkCoin is a blockchain based donation platform. Blockchain WTF interviewed the founder this summer.
(Sources: https://getstarted.with.pink/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "PinkCoin will takeout the September peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "PinkCoin will drop below the August low".
If you think PinkCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "PinkCoin will stay in a trading range between the August low and the September peak until December 3".
(Chart courtesy of Tradingview.com (log scale))
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