Chain (KuCoin: XCNUSDT) has broken out of the triangle pattern in the four-hour chart.
Elliott Wave Analysis
In Elliott Wave terms, XCN began a red wave one advance on April 2. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 3 and the red wave two (blue sub-waves a-b-c) correction ended on April 6. If this wave count is correct, XCN should be heading next towards the April 3 peak in the red wave three.
Funnymentals
Chain is a cloud blockchain infrastructure that enables organizations to build better financial services from the ground up. The Brutal Investor reviewed the project yesterday.
(Sources: https://chain.com/)
How Will Chain Trade?
Chain (KuCoin: XCNUSDT) four-hour chart by Tradingview.
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.
XCN will takeout the April 3 peak
XCN will drop below the April 2 low
XCN will stay in a trading range between the April 2 low and the April 3 peak until May 14