Crypto Contest September 6: 12Ships

12Ships (Bittrex: TSHPBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, 12Ships began a wave one advance on August 23. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 23, and the red wave two (blue sub-waves a-b-c) correction could have ended today. If this wave count is correct, 12Ships should be heading next towards the August 23 peak in the red wave three.

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

Funnymentals

12Ships is a mining economy system & advanced mining machine. You can watch their intro video below.

(Sources: 12Ships and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: Markus Aarnio

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