Bitrock (Uniswap: BITROCKUSD) 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, BITROCK began a red wave one advance on July 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 29 and the red wave two (blue sub-waves a-b-c) correction ended on August 10. If this wave count is correct, BITROCK should be heading next towards the July 29 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Bitrock is an Ethereum sidechain IBFT 2.0 Proof of Authority (PoA) blockchain with near-zero native gas fees. Jerry Banfield reviewed the project three weeks ago.
(Sources: https://bit-rock.io/)
How Will Bitrock Trade?
Bitrock (Uniswap: BITROCKUSD) 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
BITROCK will takeout the July 29 peak
BITROCK will drop below the July 12 low
BITROCK will stay in a trading range between the July 12 low and the July 29 peak until September 28