DREP (Binance: DREPUSDT) 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, DREP began a wave one advance on January 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 17, and the red wave two (blue sub-waves a-b-c) correction ended on February 26. If this wave count is correct, DREP should be heading next towards the February 17 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
DREP aims to build “connectors” and “toolkits" using blockchain technology to provide solutions that combine ease of use and flexibility. You can watch their intro video below.
(Sources: https://www.drep.org/)How Will DREP Trade?
DREP (Binance: DREPUSDT) 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.
DREP will takeout the February 17 peak
DREP will drop below the January 28 low
DREP will stay in a trading range between the January 28 low and the February 17 peak until April 7
Posted via Steemleo
