Pinkcoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Pinkcoin began a wave one advance on January 5. The wave one finished on April 1, and the wave two correction ended on April 4. The wave three advance finished on April 16, and the wave four correction ended on April 19. If this wave count is correct, Pinkcoin should be heading next towards the April 16 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Pinkcoin is currently in the wave three (sub-wave v).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Pinkcoin will takeout the April 16 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Pinkcoin will drop below the April 4 low".
If you think Pinkcoin is in a range, upvote this post and upvote the comment "Pinkcoin will stay in a trading range between the April 4 low and the April 16 peak until June 19".
You can upvote the comment until 3 PM EST May 25 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). Only participants with a Reputation of 35 or more will qualify in the contest.