DigiByte (Bittrex: DGBBTC) 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, DGB began a wave one advance on April 16. The blue wave one finished on April 18, and the blue wave two correction ended on April 20. The blue wave three advance finished on April 25, and the blue wave four correction ended on April 28. If this wave count is correct, DGB should be heading next towards the April 25 peak in the blue wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe DGB 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
DigiByte is a "highly scalable" peer-to-peer digital currency that enables "industry-leading" transaction speeds with "negligible" fees. You can watch their latest AMA below.
(Sources: https://digibyte.io/)How Will DigiByte Trade?
DigiByte (Bittrex: DGBBTC) 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.
DGB will takeout the April 25 peak
DGB will drop below the April 16 low
DGB will stay in a trading range between the April 16 low and the April 25 peak until June 5
