Valor Token (Bithumb: VALORKRW) 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, VALOR began a red wave one advance on March 12. The red wave one finished on March 26, and the red wave two correction ended on April 16. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on June 16, and the red wave four (blue sub-waves a-b-c) correction ended on July 2. If this wave count is correct, VALOR should be heading next towards the June 16 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Valor is a digital asset exchange. You can watch their latest update below.
(Sources: https://smartvalor.com/en/)How Will Valor Token Trade?
Valor Token (Bithumb: VALORKRW) 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.
VALOR will takeout the June 16 peak
VALOR will drop below the June 11 low
VALOR will stay in a trading range between the June 11 low and the June 16 peak until August 10