Digital Reserve Currency (Uniswap: DRCUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, DRC began a red wave one leading diagonal advance in September 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March this year and the red wave two (blue sub-waves a-b-c) correction ended in July. If this wave count is correct, DRC should be heading next towards the March peak in the red wave three.
(Chart courtesy of Tradingview.com)
Funnymentals
Digital Reserve Currency was designed to become a decentralized digital store of value with a limited supply and a zero inflation rate. You can check their latest podcast below.
(Sources: https://drcglobal.org/)
How Will Digital Reserve Currency Trade?
Digital Reserve Currency (Uniswap: DRCUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com)
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.
DRC will takeout the March 2021 peak
DRC will drop below the September 2020 low
DRC will stay in a trading range between the September 2020 low and the March 2021 peak until September 21
