Phala Network (Binance: PHAUSDT) 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, PHA began a red wave one advance on October 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 15 and the red wave two (blue sub-waves a-b-c) correction ended on December 30. If this wave count is correct, PHA should be heading next towards the October 15 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. PC Crypto reviewed the project three weeks ago.
(Sources: https://www.phala.network/)
How Will Phala Network Trade?
Phala Network (Binance: PHAUSDT) 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.
PHA will takeout the October 15 peak
PHA will drop below the October 13 low
PHA will stay in a trading range between the October 13 low and the October 15 peak until March 19
