WhiteCoin (Bittrex: XWCUSDT) 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, XWC began a red wave one advance on November 26, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 21, 2020 and the red wave two (blue sub-waves a-b-c) correction ended on January 3 this year. If this wave count is correct, XWC should be heading next towards the December 21, 2020 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily line chart, I believe XWC is currently in the red wave three. The red wave one (blue sub-waves i-ii-iii-iv-v) began in January 2016, and the red wave two (blue sub-waves a-b-c) correction ended in November 2019.
(Chart courtesy of CoinMarketCap.com)
Funnymentals
The Whitecoin public chain provides three main functions: cross-chain assets management, smart contracts, decentralized exchanges, and the core feature: community governance mechanisms. You can watch their intro video below.
(Sources: https://whitecoin.info/)How Will WhiteCoin Trade?
WhiteCoin (Bittrex: XWCUSDT) 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.
XWC will takeout the December 21, 2020 peak
XWC will drop below the November 26, 2020 low
XWC will stay in a trading range between the November 26, 2020 low and the December 21, 2020 peak until February 12
