Viacoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Viacoin began a wave one advance on May 28. The wave one finished on June 10, and the wave two correction ended on June 13. The wave three advance finished on June 21, and the wave four correction ended on June 26. If this wave count is correct, Viacoin should be heading next towards the June 21 peak in the wave five.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe Viacoin is currently in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, Viacoin is most likely in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Viacoin will takeout the June 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Viacoin will drop below the June 13 low".
If you think Viacoin is in a range, upvote this post and upvote the comment "Viacoin will stay in a trading range between the June 13 low and the June 21 peak until August 1".
You can upvote the comment until 3 PM EST July 2 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). Only participants with a Reputation of 35 or more will qualify in the contest.