PotCoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, PotCoin began a wave one advance on March 3. The wave one (sub-waves i-v) finished on June 13, and the wave two (sub-waves abc) correction ended on July 6. If this wave count is correct, PotCoin should be heading next towards the June 13 peak in the wave three.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe PotCoin is currently in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "PotCoin will takeout the June 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "PotCoin will drop below the March 3 low".
If you think PotCoin is in a range, upvote this post and upvote the comment "PotCoin will stay in a trading range between the March 3 low and the June 13 peak until August 8".
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