Crypto Contest March 14: Akash Network

in #fbcrypto2 years ago

Akash Network (Kraken: AKTUSD) 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, AKT began a red wave one advance on February 24. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 3 and the red wave two (blue sub-waves a-b-c) correction ended on March 14. If this wave count is correct, AKT should be heading next towards the March 3 peak in the red wave three.

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

Funnymentals

Akash Network is a decentralized peer-to-peer marketplace for cloud compute. The Babylonians reviewed the project last month.

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

How Will Akash Network Trade?

Akash Network (Kraken: AKTUSD) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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.

AKT will takeout the March 3 peak

AKT will drop below the February 24 low

AKT will stay in a trading range between the February 24 low and the March 3 peak until April 21

Sort:  

AKT will stay in a trading range between the February 24 low and the March 3 peak until April 21

AKT will drop below the February 24 low

AKT will stay in a trading range between the February 24 low and the March 3 peak until April 21

AKT will takeout the March 3 peak

AKT will takeout the March 3 peak

AKT will stay in a trading range between the February 24 low and the March 3 peak until April 21

AKT will stay in a trading range between the February 24 low and the March 3 peak until April 21

Duplicate comment.

AKT will stay in a trading range between the February 24 low and the March 3 peak until April 21

AKT will stay in a trading range between the February 24 low and the March 3 peak until April 21

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