Validity (Bittrex: VALBTC) 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, VAL began a red wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 10 and the red wave two (blue sub-waves a-b-c) correction ended on March 14. If this wave count is correct, VAL should be heading next towards the April 9 peak in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Validity (formerly Radium) is a decentralized PoS cryptocurrency offering a system for record verification and identities. You can find their roadmap here.
(Sources: https://validitytech.com/)
How Will Validity Trade?
Validity (Bittrex: VALBTC) 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 and comment below.
VAL will takeout the April 9 peak
VAL will drop below the March 14 low
VAL will stay in a trading range between the March 14 low and the April 9 peak until May 26
