PARSIQ (Poloniex: PRQUSDT) 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, PRQ began a red wave one advance on October 7, 2020. The red wave one finished on November 9, 2020 and the red wave two correction ended on December 9, 2020. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on December 30, 2020 and the red wave four (blue sub-waves a-b-c) correction ended on January 4 this year. If this wave count is correct, PRQ should be heading next towards the December 30, 2020 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
PARSIQ describes itself as a next-generation platform for monitoring and intelligence — offering analytics tools for blockchain technology across a plethora of industries. You can watch their latest AMA below.
(Sources: https://parsiq.net/)How Will PARSIQ Trade?
PARSIQ (Poloniex: PRQUSDT) 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.
PRQ will takeout the December 30, 2020 peak
PRQ will drop below the December 18, 2020 low
PRQ will stay in a trading range between the December 18, 2020 low and the December 30, 2020 peak until February 15
