Crypto Contest July 16: PTON

PTON (Bittrex: PTONBTC) 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, PTON began a wave one advance on June 29. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 7, and the red wave two (blue sub-waves a-b-c) correction ended on July 15. If this wave count is correct, PTON should be heading next towards the July 7 peak in the red wave three.

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

Funnymentals

Foresting is a social media platform that rewards content creators for their time and creativity by using blockchain technology. PTON is the cryptocurrency that will be used as a reward on the Foresting platform. You can watch their intro video below.

(Sources: Foresting and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader

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