PotCoin (Bittrex: POTUSD) has broken out of the triangle pattern in the weekly chart.

<img src="https://i.postimg.cc/QM1vXQXP/nimet-n2.png" /><br/>

(<em>Chart courtesy of Tradingview.com (log scale)</em>)

<strong>Elliott Wave Analysis</strong>

In Elliott Wave terms, PotCoin began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in November 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, PotCoin should be heading next towards the November 2017 peak in the red wave three.

<img src="https://i.postimg.cc/bNdCy78W/nimet-n3.png" /><br/>

(<em>Chart courtesy of Tradingview.com (log scale)</em>)

<strong>Funnymentals</strong>

PotCoin is a digital currency for the cannabis industry and community. Cryptonomics covered the coin last year.

https://youtu.be/1Xo8m5fsmmo

(<em>Sources: <a href="https://www.potcoin.com/">PotCoin</a> and <a href="https://youtu.be/1Xo8m5fsmmo">YouTube</a></em>)

<img src="https://i.postimg.cc/ZnzdGybJ/steemverify.png" /><br/>

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "PotCoin will takeout the August 28, 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "PotCoin will drop below the December 7, 2018 low".

If you think PotCoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "PotCoin will stay in a trading range between the December 7, 2018 low and the August 28, 2018 peak until February 24".

<img src="https://i.postimg.cc/LsCXkgYx/nimet-n4.png" /><br/>

(<em>Chart courtesy of Tradingview.com (log scale)</em>)

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