CryptoBank (Bittrex: CBANKUSDT) 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, CBANK began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 9 and the red wave two (blue sub-waves a-b-c) correction ended on September 1. If this wave count is correct, CBANK should be heading next towards the August 9 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
CryptoBank is a virtual asset management service. You can find their token allocation below.
(Sources: https://www.cryptobank.ventures/)
How Will CryptoBank Trade?
CryptoBank (Bittrex: CBANKUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
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.
CBANK will takeout the August 9 peak
CBANK will drop below the May 12 low
CBANK will stay in a trading range between the May 12 low and the August 9 peak until December 27