Crypto Contest August 17: I/O Coin
I/O Coin (IOCBTC) has broken out of the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, I/O Coin began a wave one advance in December 2014. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended on August 14 this year. If this wave count is correct, I/O Coin should be heading next towards the September 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
I/O Coin offers 2 MB file storage, secure messaging, alias system, and stealth transactions. You can view the four-year birthday party below.
(Sources: https://www.iocoin.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "I/O Coin will takeout the April 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "I/O Coin will drop below the November 2015 low".
If you think I/O Coin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "I/O Coin will stay in a trading range between the November 2015 low and the April 2018 peak until September 21".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST August 20 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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Bonus 2
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I/O Coin will stay in a trading range between the November 2015 low and the April 2018 peak until September 21 (25 voters as of 3 PM EST August 20: bleujay, gregory-f, skepticology, bentleycapital, novus-locus, abh12345, simonjay, soundmoney, positivebalances, allyouneedtoknow, kanoe, steemit.nemesis, steem-d-anlovnit, starline, costanza, nicolaepavelean, techlife, punjolife, diogosantos, chotho, mitrado, mirda, fullcoverbetting, rothberg, coolthings).
You won. Paid out from @maarnio1
I/O Coin will drop below the November 2015 low (20 voters as of 3 PM EST August 20: sqlinsix, glennolua, vicspics, mellofello, milano1113, jznsamuel, kunschj, tzap90, trincowski, steemcollator, barbadosso, amity123, mike11, mgood, marverick984, galasek, catchup, jozef230, portillo, richard78624).
Coin will drop below the November 2015 low
I think this poor coin is headed for extinction. What a pity... It was one of my favourite projects, not even a year ago.
I don´t know much about the coin, but that might not happen, it might just be suffering a hard correction. Danger will be real if they break the November low.
I/O Coin will takeout the April 2018 peak (7 voters as of 3 PM EST August 20: diana.feuerberg, lydon.sipe, freiheit50, ace108, pario, biomanu, sporttr).
I'm pretty sure IOC/BTC pair will see a rise in the near future, just because everything that goes down eventually comes up... even if it is only for a while.
My question is: will it go up enough to take out that pick you mention?!?! Maybe!
and thank you for your support!!! following..and upvoting..
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