RING X PLATFORM (Bitfinex: RINGXUSD) 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, RINGX began a red wave one advance on July 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 6, and the red wave two (blue sub-waves a-b-c) correction ended on August 13. If this wave count is correct, RINGX should be heading next towards the August 6 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
RING X Platform aims to create a blockchain based mileage integrated ecosystem by integrating various mileage service into blockchain technology. You can read their whitepaper here.
(Sources: http://ringx.io/index_eng.php)
How Will RINGX Trade?
RING X PLATFORM (Bitfinex: RINGXUSD) 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.
RINGX will takeout the August 6 peak
RINGX will drop below the July 28 low
RINGX will stay in a trading range between the July 28 low and the August 6 peak until September 24
