Quantum Resistant Ledger (QRLUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Quantum Resistant Ledger (QRLUSD) began a wave one advance on July 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 18, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Quantum Resistant Ledger should be heading next towards the August 18 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can see the Elliott Waves even better in the line chart.
(Chart courtesy of Tradingview.com)
You can find the same triangle in the QRLBTC chart also.
(Chart courtesy of Tradingview.com)
And also in the QRLETH chart.
(Chart courtesy of Tradingview.com)
I chose the QRLUSD chart, because one can find the Elliott Waves easier in the fiat chart. But I have to admit that the QRLETH chart has quite clear waves also.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "QRLUSD will takeout the August 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "QRLUSD will drop below the July 28 low".
If you think QRLUSD is in a range, upvote this post and upvote the comment "QRLUSD will stay in a trading range between the July 28 low and the August 18 peak until November 3".
You can upvote the comment until 3 PM EST October 4 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
