Zap (HitBTC: ZAPUSDT) 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, ZAP began a red wave one advance in November 2019. The red wave one finished in January this year and the red wave two correction ended in April. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on August 9 and the red wave four (blue sub-waves a-b-c) correction ended on October 30. If this wave count is correct, ZAP should be heading next towards the August 9 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Zap Protocol is a bonding curve smart contract oracle platform. You can read their latest update here.
(Sources: https://www.zap.org/)
How Will Zap Trade?
Zap (HitBTC: ZAPUSDT) 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.
ZAP will takeout the August 9 peak
ZAP will drop below the August 4 low
ZAP will stay in a trading range between the August 4 low and the August 9 peak until December 23
