Crypto Contest January 29: SpaceChain

Crypto Contest January 29: SpaceChain

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SpaceChain (Bittrex: SPCUSD) 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, SPC began a wave one advance on November 23, 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 10, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on January 13 this year. If this wave count is correct, SPC should be heading next towards the December 10, 2019 peak in the red wave three.

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

Funnymentals

SpaceChain is bringing blockchain & space together to create opportunities in both fields. You can read their latest weekly report here.

(Sources: https://spacechain.com/)

How Will SpaceChain Trade?

SpaceChain (Bittrex: SPCUSD) 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.

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• SPC will takeout the December 2019 peak

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• SPC will drop below the November 2019 low

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• SPC will stay in a trading range between the November 2019 low and the December 2019 peak until March 5

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Answer the question at dpoll.xyz.