Crypto Contest October 5: Scallop

in #fbcrypto2 years ago

Scallop (KuCoin: SCLPUSDT) 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, SCLP began a red wave one advance on July 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 11 and the red wave two (blue sub-waves a-b-c) correction ended on September 28. If this wave count is correct, SCLP should be heading next towards the August 11 peak in the red wave three.

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

Funnymentals

Scallop offers banking as a service. EverythingAltcoin reviewed the project two months ago.

(Sources: https://www.scallopx.com/)

How Will Scallop Trade?

Scallop (KuCoin: SCLPUSDT) daily 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.

SCLP will takeout the August 11 peak

SCLP will drop below the July 13 low

SCLP will stay in a trading range between the July 13 low and the August 11 peak until November 11

Sort:  

SCLP will stay in a trading range between the July 13 low and the August 11 peak until November 11

SCLP will stay in a trading range between the July 13 low and the August 11 peak until November 11

SCLP will stay in a trading range between the July 13 low and the August 11 peak until November 11

SCLP will drop below the July 13 low

SCLP will stay in a trading range between the July 13 low and the August 11 peak until November 11

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SCLP will drop below the July 13 low

SCLP will drop below the July 13 low

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SCLP will stay in a trading range between the July 13 low and the August 11 peak until November 11

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