Upfiring (Bitfinex: UFRUSD) 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, UFR began a red wave one advance on July 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 13, and the red wave two (blue sub-waves a-b-c) correction ended on September 22. If this wave count is correct, UFR should be heading next towards the September 13 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe UFR is currently in the red wave three (blue sub-wave iii). The red wave three began on July 14.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Upfiring is a smart contract powered, fully-decentralized file-sharing dApp that incentivizes content creators and seeders. Ivan on Tech Clips reviewed the project earlier this month.
(Sources: https://www.upfiring.com/)How Will Upfiring Trade?
Upfiring (Bitfinex: UFRUSD) 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.
UFR will takeout the September 13 peak
UFR will drop below the August 15 low
UFR will stay in a trading range between the August 15 low and the September 13 peak until November 3
