Crypto Contest March 17: ZKSwap

in #blockchain3 years ago

ZKSwap (Huobi: ZKSUSDT) 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, ZKS began a red wave one advance on February 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 25 and the red wave two (blue sub-waves a-b-c) correction ended on March 2. If this wave count is correct, ZKS should be heading next towards the February 25 peak in the red wave three.

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

Funnymentals

ZKSwap is a ZK-Rollups based layer-2 DEX with AMM model. Boxmining reviewed the project earlier this year.

(Sources: https://zks.org/)

How Will ZKSwap Trade?

ZKSwap (Huobi: ZKSUSDT) 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.

ZKS will takeout the February 25 peak

ZKS will drop below the February 18 low

ZKS will stay in a trading range between the February 18 low and the February 25 peak until April 23

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ZKS will takeout the February 25 peak

ZKS will drop below the February 18 low

ZKS will stay in a trading range between the February 18 low and the February 25 peak until April 23

ZKS will drop below the February 18 low

ZKS will takeout the February 25 peak

ZKS will takeout the February 25 peak

ZKS will stay in a trading range between the February 18 low and the February 25 peak until April 23

ZKS will stay in a trading range between the February 18 low and the February 25 peak until April 23

ZKS will stay in a trading range between the February 18 low and the February 25 peak until April 23

ZKS will stay in a trading range between the February 18 low and the February 25 peak until April 23

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