ZrCoin (HitBTC: ZRCBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ZrCoin began a wave one advance on August 31. The red wave one finished on September 1, and the red wave two correction ended on September 6. The red wave three advance finished on September 10, and the red wave four correction ended on September 16. If this wave count is correct, ZrCoin should be heading next towards the September 10 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe ZrCoin is currently in the red wave three. The red wave three began on August 31.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ZrCoin is a commodity-backed blockchain option. You can watch their intro video below.
(Sources: https://zrcoin.io/)
How Will ZrCoin Trade?
ZrCoin (HitBTC: ZRCBTC) 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.
ZrCoin will takeout the September 10 peak
ZrCoin will drop below the August 31 low
ZrCoin will stay in a trading range between the August 31 low and the September 10 peak until October 24
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ZrCoin will stay in a trading range between the August 31 low and the September 10 peak until October 24
(65.38%)
17
/ 26
65.38% Complete (success)
ZrCoin will drop below the August 31 low
(19.23%)
5
/ 26
19.23% Complete (success)
ZrCoin will takeout the September 10 peak
(15.38%)
4
/ 26
15.38% Complete (success)