Crypto Contest November 12: DeFiChain

in blurtcontests •  4 years ago 

DeFiChain (CoinMarketCap: DFIUSD) has broken out of the triangle pattern in the line chart.

(Chart courtesy of CoinMarketCap.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, DFI began a red wave one advance on July 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 24 and the red wave two (blue sub-waves a-b-c) correction ended on November 3. If this wave count is correct, DFI should be heading next towards the August 24 peak in the red wave three.

(Chart courtesy of CoinMarketCap.com (log scale))

Funnymentals

DeFiChain is enabling DeFi on Bitcoin. Bittrex Global held AMA with Julian Hosp three weeks ago.

(Unsupported https://www.youtube.com/embed/jSWnd6TTFiU)
(Sources: https://defichain.com/)

How Will DeFiChain Trade?

DeFiChain (CoinMarketCap: DFIUSD) line chart by CoinMarketCap.

(Chart courtesy of CoinMarketCap.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.

DFI will takeout the August 24 peak

DFI will drop below the July 3 low

DFI will stay in a trading range between the July 3 low and the August 24 peak until December 19

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DFI will takeout the August 24 peak

  ·  4 years ago  ·