Crypto Contest June 5: Matic Network

Matic Network (Binance: MATICBTC) 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, Matic began a wave one advance on April 26. The red wave one finished on April 26, and the red wave two correction ended on May 10. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 21, and the red wave four (blue sub-waves a-b-c) correction ended on June 3. If this wave count is correct, Matic should be heading next towards the May 21 peak in the red wave five.

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

Funnymentals

Matic

$NIO Failed Breakout turned into a Disaster

This is why you follow rules and pay attention to price. When things don’t act the way they should you just get out of the way and move on. NIO is a luxury electric car company (and service) that I had my eyes on. It was a new IPO as you can see above and broke up out of the initial IPO range. I liked it here.

Then…kaboom. News and earning cause it to rapidly give these levels back and create an ISLAND of bagholders above the range. I got out of the way here but I believe many have

Crypto Contest June 4: Bankex

Bankex (Bittrex: BKXUSD) 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, Bankex began a wave one advance on February 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 10, and the red wave two (blue sub-waves a-b-c) correction ended on May 26. If this wave count is correct, Bankex should be heading next towards the April 10 peak in the red wave three.

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

Funnymentals

Bankex operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitate the digitization, tokenization & exchange of

“We Need To Shut Bitcoin And All Other Cryptocurrencies Down – Here’s Why”

That is the title to a forbes article from a year ago that I posted about.  Wanted to revisit it as we have seen another year of growth in the crypto space.
I’ll revisit a couple items from the piece, but you are welcome to view the article yourself.
Read the full article here: We Need To Shut Bitcoin And All Other Cryptocurrencies Down
Permissionless vs. Permissioned Blockchain
Seems the author’s biggest argument was in regard to this. Which is ironic because if he believes in Permissioned Blockchains then why do we need to shut all crypto down?
An except from the article…
The Problem with Permissionlessness
The problem with

Crypto Contest June 3: BitKan

BitKan (Huobi: KANBTC) 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, BitKan began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 3, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, BitKan should be heading next towards the April 3 peak in the red wave three.

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

Funnymentals

BitKan is a cryptocurrency data and blockchain community service provider. They launched BitKan Smart Trade back in April.

(Sources: BitKan and Twitter)

How

Crypto Contest June 2: Metadium

Metadium (Bittrex: METABTC) 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, Metadium began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 20, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, Metadium should be heading next towards the March 20 peak in the red wave three.

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

Funnymentals

Metadium aims to build an identity blockchain ecosystem. HighOnCoins covered the latest news one week ago.

(Sources: Metadium and YouTube)

How can I vote?

Crypto Contest June 1: BitUP Token

BitUP Token (Huobi: BUTBTC) 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, BitUP Token began a wave one advance on February 20. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 9, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, BitUP Token should be heading next towards the April 9 peak in the red wave three.

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

Funnymentals

BitUP is a digital assets management platform. You can view their roadmap below.

(Sources: BitUP)

How can I vote? Where

Crypto Contest May 31: EduCoin

EduCoin (Huobi: EDUBTC) 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, EduCoin began a wave one advance on January 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 15. If this wave count is correct, EduCoin should be heading next towards the April 8 peak in the red wave three.

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

Funnymentals

The EduCoin platform is designed to be a blockchain-based decentralized global education service platform. You can view their development plan below.

(Sources:

Crypto Contest May 30: FairGame

FairGame (Huobi: FAIRBTC) 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, FairGame began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, FairGame should be heading next towards the April 8 peak in the red wave three.

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

Funnymentals

FairGame is a fair game platform based on blockchain technology. You can read their latest weekly report here.

(Sources: FairGame and Medium)

How can

Crypto Contest May 29: Themis

Themis (Huobi: GETBTC) 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, Themis began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 5, and the red wave two (blue sub-waves a-b-c) correction ended on April 27. If this wave count is correct, Themis should be heading next towards the April 5 peak in the red wave three.

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

Funnymentals

Themis is a blockchain-based fair exchange system for digital currencies, providing a decentralised escrow service for digital currencies. You can read