Crypto Contest November 1: Flux
Flux (KuCoin: FLUXUSDT) 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, FLUX began a red wave one advance on October 21. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 25 and the red wave two (blue sub-waves a-b-c) correction ended on October 30. If this wave count is correct, FLUX should be heading next towards the October 25 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Zooming out in the daily chart, I believe FLUX is currently in the red wave three. The red wave one began on July 20 and the red wave two correction ended on September 29.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Flux offers scalable decentralized cloud infrastructure. Erfan Ej reviewed the project four days ago.
(Sources: https://www.runonflux.io/)How Will Flux Trade?
Flux (KuCoin: FLUXUSDT) four-hour 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 (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.
FLUX will takeout the October 25 peak
FLUX will drop below the October 21 low
FLUX will stay in a trading range between the October 21 low and the October 25 peak until December 9
FLUX will takeout the October 25 peak
Correct. Upvoted your post:
https://steemit.com/steemit/@simonjay/daily-steem-price-update-16-11-2021
FLUX will takeout the October 25 peak
Correct.
FLUX will drop below the October 21 low
FLUX will takeout the October 25 peak
Correct.
FLUX will drop below the October 21 low
FLUX will takeout the October 25 peak
Correct.
FLUX will drop below the October 21 low
FLUX will drop below the October 21 low
FLUX will takeout the October 25 peak
Correct.
FLUX will drop below the October 21 low