DragonVein (Bithumb: DVCKRW) 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, DVC began a red wave one advance on January 6. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 and the red wave two (blue sub-waves a-b-c) correction ended on January 11. If this wave count is correct, DVC should be heading next towards the January 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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(Sources: http://www.dragonvein.io/)How Will DragonVein Trade?
DragonVein (Bithumb: DVCKRW) four-hour 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.
DVC will takeout the January 9 peak
DVC will drop below the January 6 low
DVC will stay in a trading range between the January 6 low and the January 9 peak until February 21
