Primecoin (XPMBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Primecoin began a wave one advance on December 9, 2017. The red wave one finished on January 27 this year, and the red wave two correction ended on February 22. The red wave three advance finished on May 1, and the red wave four correction ended on June 29. If this wave count is correct, Primecoin should be heading next towards the January 27 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Primecoin is a proof-of-work coin based on searching for prime numbers. Exploit Run covered some of the reasons behind the latest price surge in April.
(Sources: http://primecoin.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will takeout the May 1 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will drop below the February 22 low".
If you think Primecoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Primecoin will stay in a trading range between the February 22 low and the May 1 peak until August 15".
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