Crypto Contest June 12: Ethereum Classic

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·@maarnio·
0.000 HBD
Crypto Contest June 12: Ethereum Classic
Ethereum Classic (ETCETH) has broken out of the triangle pattern in the daily chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmUwo6JYiCjxhcuMJaZK8wi5MKxxYQgt8GgCfYFhE8dVZE)

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

**Elliott Wave Analysis**

In Elliott Wave terms, Ethereum Classic began a wave one advance on February 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 20, and the red wave two (blue sub-waves a-b-c) correction ended on June 10. If this wave count is correct, Ethereum Classic should be heading next towards the February 20 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmfXPeK9ZvZVU6WM1YdDWyDecQ7dqP2yur17vBKoH4rF4o)

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

**Funnymentals**

Coinbase just announced they will add Ethereum Classic.

https://www.youtube.com/watch?v=2faTkXeNCWU

(*Sources: https://ethereumclassic.org/ and [YouTube](https://youtu.be/2faTkXeNCWU) and [Medium](https://blog.coinbase.com/adding-ethereum-classic-support-to-coinbase-becb9a337e9c)*)
![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) "Ethereum Classic will takeout the February 20 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ethereum Classic will drop below the February 1 low".

If you think Ethereum Classic is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ethereum Classic will stay in a trading range between the February 1 low and the February 20 peak until July 18".

You can upvote the comment until 3 PM EST June 15 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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