FirstBlood (Bittrex: 1STUSD) 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, 1ST began a wave one advance on April 16. The blue wave one finished on April 22, and the blue wave two correction ended on April 29. The blue wave three advance finished on May 7, and the blue wave four correction ended on May 12. If this wave count is correct, 1ST should be heading next towards the May 7 peak in the blue wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe 1ST is currently in the red wave three (blue sub-wave v). The red wave three began on April 16.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
FirstBlood is an esports platform that allows players to challenge each other and win rewards. You can watch their intro video below.
(Sources: https://www.firstblood.io/)How Will FirstBlood Trade?
FirstBlood (Bittrex: 1STUSD) 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.
1ST will takeout the May 7 peak
1ST will drop below the April 29 low
1ST will stay in a trading range between the April 29 low and the May 7 peak until June 20
