Crypto Contest January 15: Silverway
Silverway (HitBTC: SLVUSD) 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, SLV began a wave one advance on December 5, 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 22, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on January 2 this year. If this wave count is correct, SLV should be heading next towards the December 22, 2019 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Silverway provides aggregated and structured OTC (over-the-counter) data for crypto markets. Atlas explained the token earlier this year.
(Sources: https://silverway.io/)How Will Silverway Trade?
Silverway (HitBTC: SLVUSD) 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.
- SLV will takeout the December 22, 2019 peak
- SLV will drop below the December 5, 2019 low
- SLV will stay in a trading range between the December 5, 2019 low and the December 22, 2019 peak until February 20
Answer the question at dpoll.xyz.