Crypto Contest November 13: Propchain
Propchain (Bitget: PROPCUSDT) 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, PROPC began a red wave one advance on May 28. 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 September 21. If this wave count is correct, PROPC should be heading next towards the July 29 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))
Propchain is a blockchain ecosystem for real-world asset & proptech solutions. You can watch their latest presentation below.
How Will Propchain Trade?
Propchain (Bitget: PROPCUSDT) daily chart by Tradingview. (Chart courtesy of Tradingview.com(log scale))
I will be giving upvotes to the correct answers (posts only).
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
PROPC will takeout the July 29 peak
PROPC will drop below the May 28 low
PROPC will stay in a trading range between the May 28 low and the July 29 peak until December 20
Posted Using InLeo Alpha