Crypto Contest May 30: Pink BNBsteemCreated with Sketch.

in #fbcrypto3 years ago

Pink BNB (PancakeSwap: PNBUSD) has broken out of the triangle pattern in the four-hour chart.

image.png

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

Elliott Wave Analysis

In Elliott Wave terms, PNB began a red wave one advance on May 4. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 23 and the red wave two (blue sub-waves a-b-c) correction ended on May 25. If this wave count is correct, PNB should be heading next towards the May 23 peak in the red wave three.

image.png

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

Funnymentals

Pink BNB is the world's "first" AI-based crypto currency media portal. Crypto Spaces reviewed the project one week ago.

(Sources: https://pnb.world/)

How Will Pink BNB Trade?

Pink BNB (PancakeSwap: PNBUSD) four-hour chart by Tradingview.

image.png

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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

PNB will takeout the May 23 peak

PNB will drop below the May 4 low

PNB will stay in a trading range between the May 4 low and the May 23 peak until July 5

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PNB will stay in a trading range between the May 4 low and the May 23 peak until July 5

PNB will takeout the May 23 peak

PNB will drop below the May 4 low

PNB will stay in a trading range between the May 4 low and the May 23 peak until July 5

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PNB will drop below the May 4 low

PNB will takeout the May 23 peak

PNB will drop below the May 4 low

PNB will takeout the May 23 peak

PNB will stay in a trading range between the May 4 low and the May 23 peak until July 5