Crypto Contest September 22: Achain
Achain (Huobi: ACTUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Achain began a wave one advance on January 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 26, and the red wave two (blue sub-waves a-b-c) correction ended on September 7. If this wave count is correct, Achain should be heading next towards the June 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Achain is a public blockchain platform that enables developers of all levels to issue tokens, create smart contracts, build decentralized applications and blockchain systems. You can read their latest bi-weekly report here.
(Sources: https://www.achain.com/)
How Will Achain Trade?
Achain (Huobi: ACTUSDT) 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.
- Achain will takeout the June 26 peak
- Achain will drop below the January 11 low
- Achain will stay in a trading range between the January 11 low and the June 26 peak until October 28
Answer the question at dpoll.xyz.
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$rewarding 35
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@maarnio Thank you very much for the upvote. It will be a lot of work to visit all these winner's their posts. I wish you a great day. ❤️
You are welcome. Thank you for the comment.
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Thank you @maarnio.
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