Crypto Contest February 13: HydraDX

HydraDX (Kraken: HDXUSD) 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, HDX began a red wave one advance on January 25. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 26 and the red wave two (blue sub-waves a-b-c) correction ended on February 8. If this wave count is correct, HDX should be heading next towards the January 26 peak in the red wave three.

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

Funnymentals

The project aims to enable frictionless liquidity for all cryptoassets, as well as build an open, neutral & autonomous protocol for liquidity. Cryptozilla reviewed the project one month ago.

(Sources: https://hydradx.io/)

How Will HydraDX Trade?

HydraDX (Kraken: HDXUSD) 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.

HDX will takeout the January 26 peak

HDX will drop below the January 25 low

HDX will stay in a trading range between the January 25 low and the January 26 peak until March 22