KuCoin Shares (KuCoin: KCSUSDT) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, KCS began a red wave one advance in January 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2019, and the red wave two (blue sub-waves a-b-c) correction ended in July this year. If this wave count is correct, KCS should be heading next towards the April 2019 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe KCS is currently in the red wave three (blue sub-wave iii). The red wave three began in January 2019.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Kucoin Shares (KCS) is an exchange based token and native currency of the Kucoin crypto exchange. You can read their latest monthly report here.
(Sources: https://www.kucoin.com/)
How Will KuCoin Shares Trade?
KuCoin Shares (KuCoin: KCSUSDT) 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 and comment below.
KCS will takeout the March 7 peak
KCS will drop below the July 7 low
KCS will stay in a trading range between the July 7 low and the March 7 peak until September 21