Crypto Contest January 28: Dragonchain

Crypto Contest January 28: Dragonchain

Dragonchain (Bittrex: DRGNUSD) 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, DRGN began a wave one advance on December 17, 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 26. If this wave count is correct, DRGN should be heading next towards the January 14 peak in the red wave three.

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

Funnymentals

Dragonchain is a flexible public/private hybrid blockchain platform. You can watch their latest update below.

How Will Dragonchain Trade?

Dragonchain (Bittrex: DRGNUSD) 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.

• DRGN will takeout the January 14, 2020 peak

• DRGN will drop below the December 17, 2019 low

• DRGN will stay in a trading range between the December 17, 2019 low and the January 14, 2020 peak until March 4

Answer the question at dpoll.xyz.