Crypto Contest December 5: Kyber Network
Kyber Network (Binance: KNCUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, KNC began a wave one advance in January. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in March, and the red wave two (blue sub-waves a-b-c) correction ended in November. If this wave count is correct, KNC should be heading next towards the March peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Kyber is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application. Coin Bureau reviewed the project in October this year.
(Sources: https://kyber.network/)How Will Kyber Network Trade?
Kyber Network (Binance: KNCUSD) weekly 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.
- KNC will takeout the March peak
- KNC will drop below the January low
- KNC will stay in a trading range between the January low and the March peak until January 10
Answer the question at dpoll.xyz.