Swipe (Bithumb: SXPKRW) 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, SXP began a red wave one advance on March 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2, and the red wave two (blue sub-waves a-b-c) correction ended on June 25. If this wave count is correct, SXP should be heading next towards the April 2 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Swipe is a multi-asset digital wallet application and Visa debit card that enables users buy, sell, and spend various cryptocurrencies. You can watch their latest AMA below.
(Sources: https://swipe.io/token/)How Will Swipe Trade?
Swipe (Bithumb: SXPKRW) 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.
SXP will takeout the April 2 peak
SXP will drop below the March 18 low
SXP will stay in a trading range between the March 18 low and the April 2 peak until August 6
