Crypto Contest October 27: Pollchain

in #steemleo3 years ago

Pollchain (Bittrex: POLLUSDT) 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, POLL began a red wave one advance on October 10. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 21 and the red wave two (blue sub-waves a-b-c) correction ended on October 26. If this wave count is correct, POLL should be heading next towards the October 21 peak in the red wave three.

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

Zooming out in the four-hour chart, I believe POLL is currently in the red wave three (blue sub-wave iii). The red wave one began on October 8 and the red wave two correction ended on October 10.

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

Funnymentals

Pollchain is a knowledge sharing SNS that allows user to ask and answer various types of information and concerns such as daily life, love affair, social issues, business, and investment through a method called ‘polling.’ You can find their white paper here.

(Sources: https://www.pollchain.co)

How Will Pollchain Trade?

Pollchain (Bittrex: POLLUSDT) 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.

POLL will takeout the October 9 peak

POLL will drop below the October 8 low

POLL will stay in a trading range between the October 8 low and the October 9 peak until December 4

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POLL will stay in a trading range between the October 8 low and the October 9 peak until December 4

POLL will drop below the October 8 low

POLL will stay in a trading range between the October 8 low and the October 9 peak until December 4

POLL will stay in a trading range between the October 8 low and the October 9 peak until December 4

POLL will drop below the October 8 low

POLL will takeout the October 9 peak

POLL will stay in a trading range between the October 8 low and the October 9 peak until December 4

POLL will drop below the October 8 low

POLL will takeout the October 9 peak

POLL will takeout the October 9 peak