Crypto Contest January 4: Dynamic Trading Rights

Crypto Contest January 4: Dynamic Trading Rights

Dynamic Trading Rights (HitBTC: DTRUSD) 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, DTR began a wave one advance on August 1, 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 26, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on December 27, 2019. If this wave count is correct, DTR should be heading next towards the October 26, 2019 peak in the red wave three.

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

Zooming out in the weekly chart, I believe DTR is currently in the red wave three (blue sub-wave iii). The red wave three began on August 1, 2019.

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

Funnymentals

Dynamic Trading Rights (DTR) is the token used in the "next generation" cryptocurrency trading platform. They have already burned over 1.1 billion DTR tokens out of 2.6 billion total supply.

(Sources: https://www.tokens.net/)

How Will Dynamic Trading Rights Trade?

Dynamic Trading Rights (HitBTC: DTRUSD) 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.

• DTR will takeout the October 2019 peak

• DTR will drop below the August 2019 low

• DTR will stay in a trading range between the August 2019 low and the October 2019 peak until February 9

Answer the question at dpoll.xyz.