Phala.Network (Huobi: PHAUSDT) 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, PHA began a red wave one advance on December 24, 2020. The red wave one peaked on January 7 this year and the red wave two correction ended on January 12. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on January 19 and the red wave four (blue sub-waves a-b-c) correction ended on January 30. If this wave count is correct, PHA should be heading next towards the January 19 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Phala Network is a privacy-preserving protocol for data-protection and blockchain smart contracts. Currency Nomad covered the project one week ago.
(Sources: https://phala.network/)How Will Phala.Network Trade?
Phala.Network (Huobi: PHAUSDT) 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.
PHA will takeout the January 19 peak
PHA will drop below the January 12 low
PHA will stay in a trading range between the January 12 low and the January 19 peak until March 12
