Crypto Contest May 8: Bitcoin Rhodium

Bitcoin Rhodium (HitBTC: XRCBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, XRC began a wave one advance on March 24. The blue wave one finished on March 28, and the blue wave two correction ended on April 11. The blue wave three advance finished on April 26, and the blue wave four correction ended on May 2. If this wave count is correct, XRC should be heading next towards the April 26 peak in the blue wave five.

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

Zooming out in the daily chart, I believe XRC is currently in the red wave three (blue sub-wave v). The red wave three began on March 24.

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

Funnymentals

Bitcoin Rhodium’s goal is to be a premier store-of-value coin. Crypto Vin reviewed the coin in February this year.

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

How Will Bitcoin Rhodium Trade?

Bitcoin Rhodium (HitBTC: XRCBTC) 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.

XRC will takeout the April 26 peak

XRC will drop below the April 11 low

XRC will stay in a trading range between the April 11 low and the April 26 peak until June 12