Crypto Contest September 25: Chainlink
Chainlink (Binance: LINKUSD) 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, Chainlink began a wave one advance in June 2018. The red wave one finished in November 2018, and the red wave two correction ended in December 2018. The red wave three advance finished in June this year, and the red wave four correction could have ended this month. If this wave count is correct, Chainlink should be heading next towards the June peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Chainlink is currently in the red wave three (blue sub-wave v). The red wave three began in June 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Chainlink is a decentralized oracle service. CoinDesk interviewed the CEO four days ago.
(Sources: https://chain.link/)How Will Chainlink Trade?
Chainlink (Binance: LINKUSD) 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.
- Chainlink will takeout the June 29 peak
- Chainlink will drop below the June 4 low
- Chainlink will stay in a trading range between the June 4 low and the June 29 peak until October 31
Answer the question at dpoll.xyz.