Crypto Contest August 8: ScPrime

ScPrime (Orca: SCPUSD) 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, SCP began a red wave one advance on June 20. The red wave one peaked on July 4 and the red wave two correction ended on July 15. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on July 27 and the red wave four (blue sub-waves a-b-c) correction ended on August 5. If this wave count is correct, SCP should be heading next towards the July 27 peak in the red wave five.

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

Funnymentals

ScPrime is a cryptocurrency project targeting public cloud services with a blockchain based ecosystem to pay individuals to store data around the globe using smart contracts and cryptographic proofs to ensure accuracy, security and redundancy. You can listen the latest AMA below.

(Sources: https://scpri.me/)

How Will ScPrime Trade?

ScPrime (Orca: SCPUSD) 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

SCP will takeout the July 27 peak

SCP will drop below the July 15 low

SCP will stay in a trading range between the July 15 low and the July 27 peak until September 13

---

_{Posted from https://blurtlatam.intinte.org}