Crypto Contest March 31: 3X Short XRP Token
3X Short XRP Token (FTX: XRPBEARUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, XRPBEAR began a red wave A (blue sub-waves a-b-c) advance on February 15. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on March 27. If this wave count is correct, XRPBEAR should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
3X Short XRP Token (XRPBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of XRP.
(Sources: https://ftx.com/trade/XRPBEAR/USD)
How Will XRPBEAR Trade?
3X Short XRP Token (FTX: XRPBEARUSD) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
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.
XRPBEAR will takeout the March 13 peak
XRPBEAR will drop below the February 15 low
XRPBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 4
XRPBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 4
XRPBEAR will drop below the February 15 low
Correct. Upvoted your post:
https://steemit.com/sports/@fastold/weekday-matches-in-bundesliga
XRPBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 4
XRPBEAR will drop below the February 15 low
Correct. Upvoted your comment:
https://steemit.com/homemade/@imisstheoldkanye/qb47ot
XRPBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 4
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XRPBEAR will drop below the February 15 low
Correct. Upvoted your comment:
https://steemit.com/blockchain/@koskl/re-maarnio-qawncy
XRPBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 4
XRPBEAR will takeout the March 13 peak
XRPBEAR will drop below the February 15 low
Correct. Upvoted your post:
https://steemit.com/soleado/@kutra/dia-soleado
XRPBEAR will takeout the March 13 peak