district0x (Binance: DNTUSD) 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, DNT began a red wave one advance on October 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 9 and the red wave two (blue sub-waves a-b-c) correction ended on November 22. If this wave count is correct, DNT should be heading next towards the November 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe DNT is currently in the red wave three (blue sub-wave iii). The red wave one began in March and the red wave two correction ended on October 8.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
district0x is a network of decentralized marketplaces and communities. You can read their latest weekly update here.
(Sources: https://district0x.io/)
How Will district0x Trade?
district0x (Binance: DNTUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers.
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.
DNT will takeout the November 9 peak
DNT will drop below the November 3 low
DNT will stay in a trading range between the November 3 low and the November 9 peak until January 8, 2021
DNT will takeout the November 9 peak
Correct.