Uquid Coin (Bittrex: UQCUSD) 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, UQC began a red wave one advance on September 6. The red wave one finished on September 21, and the red wave two correction ended on September 23. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on September 26, and the red wave four (blue sub-waves a-b-c) correction ended on October 8. If this wave count is correct, UQC should be heading next towards the September 26 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the line chart, I believe UQC is currently in the red wave three. The red wave one (blue sub-waves i-ii-iii-iv-v) began in November 2019, and the red wave two correction ended on September 6 this year.
(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Uquid is "Paypal" of cryptocurrency. You can read their latest monthly report here.
(Sources: https://uquidcoin.com/)
How Will Uquid Coin Trade?
Uquid Coin (Bittrex: UQCUSD) four-hour 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.
UQC will takeout the September 26 peak
UQC will drop below the September 23 low
UQC will stay in a trading range between the September 23 low and the September 26 peak until November 15
