Crypto Contest July 27: Clams

Clams (Poloniex: CLAMUSD) 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, Clams began a wave one advance in November 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in May this year, and the red wave two (blue sub-waves a-b-c) correction ended on July 17. If this wave count is correct, Clams should be heading next towards the May peak in the red wave three.

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

Funnymentals

Clams claims to be the most widely held crypto-currency ever with initial unique address distribution of over 3.1 million.

(Sources: Clams)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader
Uniting Experts & Novices for Mutual Profit!

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