Crypto Contest May 20: Constellation

in #blockchain4 years ago

Constellation (KuCoin: DAGUSDT) 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, DAG began a red wave one advance on March 16. The red wave one finished on March 20, and the red wave two correction ended on April 6. The red wave three advance finished on May 8, and the red wave four correction ended on May 11. If this wave count is correct, DAG should be heading next towards the May 8 peak in the red wave five.

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

Funnymentals

Constellation is a blockchain for big data. You can watch their main net launch announcement below.

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

How Will Constellation Trade?

Constellation (KuCoin: DAGUSDT) 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.

DAG will takeout the May 8 peak

DAG will drop below the April 6 low

DAG will stay in a trading range between the April 6 low and the May 8 peak until June 24

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DAG will stay in a trading range between the April 6 low and the May 8 peak until June 24

DAG will drop below the April 6 low

DAG will stay in a trading range between the April 6 low and the May 8 peak until June 24

DAG will drop below the April 6 low

DAG will stay in a trading range between the April 6 low and the May 8 peak until June 24

DAG will stay in a trading range between the April 6 low and the May 8 peak until June 24

DAG will drop below the April 6 low

DAG will stay in a trading range between the April 6 low and the May 8 peak until June 24

DAG will takeout the May 8 peak

DAG will stay in a trading range between the April 6 low and the May 8 peak until June 24

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