Siacoin (Poloniex: SCUSD) 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, Siacoin began a wave one (blue sub-waves i-ii-iii-iv-v) advance in December 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, Siacoin should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Siacoin provides an open-source low-cost solution for cloud storage. Crypto Big Boss reviewed the coin in January this year.
OriginTrail (Bittrex: TRACBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, OriginTrail began a wave one (blue sub-waves i-ii-iii-iv-v) advance on March 15. The red wave one finished on March 26, and the red wave two (blue sub-waves a-b-c) correction ended on April 8. If this wave count is correct, OriginTrail should be heading next towards the March 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
OriginTrail is blockchain-powered data exchange protocol for interconnected supply chains. BlockchainBrad interviewed the founders back in January this year.
It’s another day in the wonderland of cryptocurrency. Unless you are not an active follower, you should be able to observe the newfound market positivity that gives a feel reminiscent of the early days of the previous market cycle.
The optimism in the air is so genuine, ordinary cartel’s manipulation would have a hard time staging it. If this has one message to whisper to you, then “it is to be ready and be vigilant“.
You wouldn’t want to miss the upcoming market uprun especially if you are a type that witnessed the last market boom like me but have little or nothing to show of it. I am not trying to chill anything to you or persuade you into purchasing anything, and of course it not advisable to give-in to another person’s opinion in the cryptoverse particularly if you don’t know their level of expertise.
I consider myself a very raw amateur who has a lot to learn in many aspects, but if there is only one message to direct at your face, I will scream “be ready“. Why would I? Because I can resonate with this same feeling. Not taking my emotions and judgment into consideration, the optimism is kind of real, made even more obvious by many indicators, some typical examples are the volume of trades, news of serious accumulation, and RSI signal of an overbought market.
Again! Be ready and be careful.
Enough of the rant!
Let dive into today’s digest about recent activities and report you should know about.
The Digest
As promised in yesterday’s digest, I mentioned introducing another promising EOS dApp I found interesting today. As an individual who tries to keep to his promise. I bring to you a social network dApp called KARMA.
You must have heard about the law of Karma which states; the good or evil you do will one day come back to you.
This exactly is the mission set out to accomplish by KARMA.
In our world full of inequalities of all kinds. Much of the world are less privileged to have what the top people possess, in terms of food, shelter, finance, and a good standard of living.
Many from parts of the third world countries are in extreme poverty others from well-developed countries can hardly imagine. You would hear of a complete family of four members feeding under $5 for a week, some hardly have anything to eat at all. Approximately 3.1 million children die of starvation each year.
This is an astronomical figure if you imagine counting per head basis, for crying out loud Iceland in an independent country with just over 330,000 people.
There is no swift aid that could quickly eradicate this, except if all countries converge to direct extensive spending to remedy this cause. But, since such a move would have a hard chance of being propagated.
Then, it is at the hand of every able person to do his bit and assist the less privilege found around us.
KARMA EOS dapp is established to encourage people to show some affectionate towards the less privileged around them by rewarding their act of goodness through token incentives through the implemented functional reward mechanism in the form of community votes, donations, and sponsorships. Everyone has some good to show.
Visit https://www.karmaapp.io/ today, download the Andriod or iOS app and start participating in this good cause.
Some information and discussion you should be part of.
Towards the later period of the ICO bust, exchange listing was a popular announcement that could make an investor or trader skip a complete day meal out of FOMO. It was a strategy many found attractive to multiply coins by scalp or swing trading and then jumping onto the next promising coin.
Those who were lucky enough made riches with this method but the majority who were not were burnt badly (I fall in the later category).
Exchange listing apart from its speculative effect is a good way to give a project more exposure or provide better liquidity. Recently, one of the largest exchange “Coinbase” announced the listing of three coins namely: Augur, Maker, and EOS, on its open trading service Coinbase Pro. As a very reputable exchange, this listing is having a somewhat significant impact on the price of these coins over the past 24hrs. Read the reason for this move now on Cointelegraph.
Entry opportunity for the average Joe.
Decentralization by its core definition has no barrier to entry, no censorship, no single point control. These are the attributes many expected any entity entering the sphere should keep to mind, but that is not the case with leading exchanges. Their operating servers are built with centralized design, customers are kept under some restriction, freezing of account without notification and so on. This was the case of Bitfinex – a top cryptocurrency exchange with a huge barrier to entry which minimum requirement to start trading was set to $10,000.
After many persuasion by many traders from different regions, it was reported that the exchange has dissolved the wall to entry and cancel such pre-requisite, paving the way for fleets of traders to join the platform with no minimum required entry fund. Read the in-depth updates on Coindesk.
Get some laughter with this meme as I round-up this digest.
Thanks for your time reading the digest.Remember to visit my blog tomorrow for another interesting digest. Cheers 🙂
Disclaimer
The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.
GridCoin (Bittrex: GRCUSD) 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, GridCoin began a wave one (blue sub-waves i-ii-iii-iv-v) advance in April 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in January this year. If this wave count is correct, GridCoin should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Gridcoin is a cryptocurrency which rewards verified BOINC computation. @parejan published the latest weekly report yesterday (link).
WaykiChain (Huobi: WICCETH) 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, WaykiChain began a wave one (blue sub-waves i-ii-iii-iv-v) advance in January 2018. The red wave one finished in May 2018, and the red wave two (blue sub-waves a-b-c) correction ended in August 2018. If this wave count is correct, WaykiChain should be heading next towards the May 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. You can watch the CEO speech
WAX (Bittrex: WAXETH) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, WAX began a wave one advance on February 17. The red wave one finished on February 18, and the red wave two correction ended on February 24. The red wave three advance finished on March 14, and the red wave four correction ended on April 3. If this wave count is correct, WAX should be heading next towards the March 14 peak in the red wave five.
Expanse (Bittrex: EXPUSD) 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, Expanse began a wave one advance in December 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in March this year. If this wave count is correct, Expanse should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Expanse is an ethereum like smart contract blockchain platform. SavageMine mined the coin in his show back in
In this report I will look how my analysis worked for the month of February 2019. There were 26 contests in February. I have already paid out all of them. The analysis was correct five times. The analysis was wrong one time. The cryptocurrency was in a range 20 times.
The correct ones were the following:
Crypto Contest February 5: Metronome
Crypto Contest February 8: Ethereum
Crypto Contest February 21: Qtum
Crypto Contest February 23: Tezos
Crypto Contest February 25: Enjin Coin
In these contests the range option won:
Crypto Contest February 3: TenX
Crypto Contest February 4: Metaverse ETP
Crypto Contest February 6: Status Report XXV
Crypto Contest February 7:
ExclusiveCoin (Bittrex: EXCLUSD) 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, ExclusiveCoin began a wave one advance in June 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, ExclusiveCoin should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ExclusiveCoin is a Proof-of-Stake coin with masternodes. You can view the masternode stats here.
I have no idea why. It is super irritating sometimes, but its the same story, same game. Steem seems to always lag while other alts are making gains and seems to go when other alts stop going. It never fails. Right now it has gone nowhere while LTC and EOS have rallied 50+%, but the chart looks promising.
It is time for Steem to play catch up. If Steem were to catch up to the other alts and their gains, you are looking at Steem to $0.75 easy! This is the place where most of all crypto finally broke down
