FlorinCoin (FLOBTC) 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, FlorinCoin began a wave one advance in December 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended on December 8, 2017. If this wave count is correct, FlorinCoin should be heading next towards the June 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
FlorinCoin is a scrypt minable crypto-currency with quick transaction processing. Crypto Plumber reviewed the coin last month.
(Sources: https://www.flo.cash/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "FlorinCoin will takeout the May 2 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "FlorinCoin will drop below the December 8, 2017 low".
If you think FlorinCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "FlorinCoin will stay in a trading range between the December 8, 2017 low and the May 2 peak until July 29".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST June 26 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
FlorinCoin will stay in a trading range between the December 8, 2017 low and the May 2 peak until July 29 (39 voters as of 3 PM EST June 26: bleujay, gregory-f, skepticology, bentleycapital, soundmoney, glennolua, misalen, komischername, simonjay, toofasteddie, revelationquotes, nicolaepavelean, costanza, rjunaid12, koskl, steem-d-anlovnit, afrinsultana, cryptotem, rothberg, diogosantos, catchup, amity123, mirda, galasek, karadere, richard78624, portillo, flemingfarm, liberton, mike11, techlife, biomanu, pario, heyimsnuffles, coolthings, chotho, ragnaros, andy23).
FlorinCoin will drop below the December 8, 2017 low (14 voters as of 3 PM EST June 26: sqlinsix, abh12345, allyouneedtoknow, freiheit50, jznsamuel, reconnectnature, barbadosso, milano1113, starline, vicspics, mgood, nordina, borban, punjolife).
You won.
FlorinCoin will takeout the May 2 peak (7 voters as of 3 PM EST June 26: crokkon, fitinfun, ace108, steemit.nemesis, marverick984, sporttr, utkarshvarma).
Their market cap is super overvalued, I think there must be a correction coming.
Clearly. Their market cap is currently only 2% of STEEM's market cap.
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Thanks syedquasim.