Crypto Contest April 12: OKCash

OKCash (Bittrex: OKUSD) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, OKCash began a wave one (blue sub-waves i-ii-iii-iv-v) advance in May 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, OKCash should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

OKCash is a decentralized open-source digital cash system. The next block reward halving is scheduled in 22 days.

(Sources: OKCash and Block

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.