Crypto Contest February 24: Polymath

in #blockchain5 months ago

Polymath (Binance: POLYUSD) 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, POLY began a red wave one advance on February 1. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 18 and the red wave two (blue sub-waves a-b-c) correction ended on February 23. If this wave count is correct, POLY should be heading next towards the February 18 peak in the red wave three.

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

Zooming out in the weekly chart, I believe POLY is currently in the red wave three (blue sub-wave iii). The red wave one began on March 13, 2020 and the red wave two correction ended on September 24, 2020.

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

Funnymentals

Polymath is a decentralized platform built with the goal of making it easier to create and manage security tokens. You can watch their latest demo below.

(Sources: https://polymath.network/)

How Will Polymath Trade?

Polymath (Binance: POLYUSD) daily 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.

POLY will takeout the February 18 peak

POLY will drop below the February 1 low

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

Sort:  

POLY will takeout the February 18 peak

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will takeout the February 18 peak

POLY will takeout the February 18 peak

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will takeout the February 18 peak

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will takeout the February 18 peak

POLY will takeout the February 18 peak

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will drop below the February 1 low

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will takeout the February 18 peak

POLY will drop below the February 1 low

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will takeout the February 18 peak

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will drop below the February 1 low

POLY will takeout the February 18 peak

POLY will drop below the February 1 low

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will takeout the February 18 peak

POLY will takeout the February 18 peak

POLY will takeout the February 18 peak

POLY will drop below the February 1 low

POLY will drop below the February 1 low

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will drop below the February 1 low

POLY will takeout the February 18 peak

POLY will takeout the February 18 peak

POLY will drop below the February 1 low

POLY will takeout the February 18 peak

POLY will takeout the February 18 peak

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will drop below the February 1 low

POLY will takeout the February 18 peak

POLY will drop below the February 1 low

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will drop below the February 1 low

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

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POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will drop below the February 1 low

POLY will takeout the February 18 peak

POLY will takeout the February 18 peak

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will drop below the February 1 low

POLY will drop below the February 1 low

POLY will takeout the February 18 peak

POLY will drop below the February 1 low

POLY will takeout the February 18 peak

POLY will stay in a trading range between the February 1 low and the February 18 peak until April 2

POLY will drop below the February 1 low

POLY will takeout the February 18 peak