Crypto Contest July 12: Theta Fuel

in #blockchain4 years ago

Theta Fuel (Binance: TFUELUSDT) 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, TFUEL began a red wave one advance on March 13. The red wave one finished on April 7, and the red wave two correction ended on April 16. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 24, and the red wave four (blue sub-waves a-b-c) correction ended on June 11. If this wave count is correct, TFUEL should be heading next towards the May 24 peak in the red wave five.

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

Funnymentals

Theta Fuel is the second token (gas token) of the Theta Network. You can read their latest bi-weekly update here.

(Sources: https://www.thetatoken.org/)

How Will TFUEL Trade?

Theta Fuel (Binance: TFUELUSDT) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

TFUEL will takeout the May 24 peak

TFUEL will drop below the May 11 low

TFUEL will stay in a trading range between the May 11 low and the May 24 peak until August 17

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TFUEL will stay in a trading range between the May 11 low and the May 24 peak until August 17

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TFUEL will takeout the May 24 peak

TFUEL will takeout the May 24 peak

TFUEL will stay in a trading range between the May 11 low and the May 24 peak until August 17

TFUEL will stay in a trading range between the May 11 low and the May 24 peak until August 17

TFUEL will takeout the May 24 peak

TFUEL sacará el pico del 24 de mayo

TFUEL will stay in a trading range between the May 11 low and the May 24 peak until August 17

TFUEL will drop below the May 11 low