Crypto Contest November 8: Databits

Databits (DTBUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, Databits began a wave one advance on April 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 11, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Databits should be heading next towards the June 11 peak in the red wave three.

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

Zooming in the four-hour chart, I believe Databits has completed sub-waves i and ii from the September 15 low.

(Chart courtesy of Tradingview.com)

Funnymentals

Databits is the token for the mobile video game Augmentors. Here is the intro video.

(Source: https://www.augmentorsgame.com/)

If you think this analysis is correct, upvote this post and upvote the comment "Databits will takeout the June 11 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Databits will drop below the September 15 low".

If you think Databits is in a range, upvote this post and upvote the comment "Databits will stay in a trading range between the September 15 low and the June 11 peak until December 9".

You can upvote the comment until 3 PM EST November 9 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).