SHPING (Coinbase: SHPINGUSD) 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, SHPING began a red wave one advance on January 2. The red wave one peaked on January 2 and the red wave two correction ended on January 4. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on January 5 and the red wave four (blue sub-waves a-b-c) correction ended on January 8. If this wave count is correct, SHPING should be heading next towards the January 5 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
SHPING is a cryptocurrency token fueling tomorrow’s shopping ecosystem. You can watch their intro video below.
(Sources: https://shping.com/shping-coin/)
How Will SHPING Trade?
SHPING (Coinbase: SHPINGUSD) four-hour 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.
SHPING will takeout the January 5 peak
SHPING will drop below the January 2 low
SHPING will stay in a trading range between the January 2 low and the January 5 peak until February 16
