Crypto Contest October 12: VeriBlock
VeriBlock (Bittrex: VBKBTC) 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, VeriBlock began a wave one advance on October 2. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on the same day, and the red wave two (blue sub-waves a-b-c) correction ended on October 10. If this wave count is correct, VeriBlock should be heading next towards the October 2 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The VeriBlock blockchain is a concrete implementation of PoP, which extends Bitcoin's security to other blockchains. You can watch their intro video below.
(Sources: https://www.veriblock.org/)How Will VeriBlock Trade?
VeriBlock (Bittrex: VBKBTC) 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.
- VeriBlock will takeout the October 2 peak
- VeriBlock will drop below the October 2 low
- VeriBlock will stay in a trading range between the October 2 low and the October 2 peak until November 17
Answer the question at dpoll.xyz.