Polka City (Uniswap: POLCWETH) 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, POLC began a red wave one advance on March 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 8 and the red wave two (blue sub-waves a-b-c) correction ended on March 11. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on March 16 and the red wave four (blue sub-waves a-b-c) correction ended on March 19. If this wave count is correct, POLC should be heading next towards the March 16 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Polka City is a fully contract-based Polkadot, DeFİ and NFT combined virtual currency investment platform. Currency Nomad reviewed the platform three days ago.
(Sources: https://www.polkacity.io/)How Will Polka City Trade?
Polka City (Uniswap: POLCWETH) 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.
POLC will takeout the March 16 peak
POLC will drop below the March 6 low
POLC will stay in a trading range between the March 6 low and the March 16 peak until April 27
