Crypto Contest July 17: SolarCoin

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·@maarnio·
0.000 HBD
Crypto Contest July 17: SolarCoin
SolarCoin (SLRUSD) has broken out of the triangle pattern in the daily chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmZikVDUGE4E925SNZdeE3ys4DyKUiugn684KB5CuFA1MG)

(*Chart courtesy of Tradingview.com (log scale)*)

**Elliott Wave Analysis**

In Elliott Wave terms, SolarCoin began a wave one advance in March 2014. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on July 10. If this wave count is correct, SolarCoin should be heading next towards the January 14 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmXh1pdpXfTsDRTcbn9curWSfccm9pSnD9FLmVzYRzYUQ8)

(*Chart courtesy of Tradingview.com (log scale)*)

**Funnymentals**

SolarCoin rewards solar electricity generators. You can find out how to get them by watching the following video.

https://youtu.be/OmouEif05lA

(*Sources: https://solarcoin.org/ and [YouTube](https://youtu.be/OmouEif05lA)*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "SolarCoin will takeout the May 7 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "SolarCoin will drop below the July 17, 2017 low".

If you think SolarCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "SolarCoin will stay in a trading range between the  July 17, 2017 low and the May 7 peak until August 21".
![nimetön3.png](https://ipfs.busy.org/ipfs/QmdVjP26dSDxFg5Sp3cVnnhmUbiCpmAL2TwknWBpDweCvM)

(*Chart courtesy of Tradingview.com (log scale)*)

You can upvote the comment until 3 PM EST July 20 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

**Bonus**

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
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