Arcblock (Huobi: ABTUSDT) 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, ABT began a red wave one advance on August 4. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 7 and the red wave two (blue sub-waves a-b-c) correction ended on August 8. If this wave count is correct, ABT should be heading next towards the August 7 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Zooming out in the daily chart, I believe ABT is currently in the red wave three (blue sub-wave iii). The red wave one began on June 13 and the red wave two correction ended on August 4.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
ArcBlock is a platform for building and deploying decentralized blockchain applications. The Brutal Investor reviewed the project two weeks ago.
(Sources: https://www.arcblock.io/)
How Will Arcblock Trade?
Arcblock (Huobi: ABTUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
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.
ABT will takeout the August 8 peak
ABT will drop below the July 27 low
ABT will stay in a trading range between the July 27 low and the August 8 peak until September 16