ROAD (OKEx: ROADUSDT) 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, ROAD began a red wave one advance on July 8. The red wave one finished on July 20, and the red wave two correction ended on July 26. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on August 24, and the red wave four (blue sub-waves a-b-c) correction ended on September 4. If this wave count is correct, ROAD should be heading next towards the August 24 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ROAD is a distributed internet of vehicles economic system based on auto-ledger, which is an interaction and accounting system for the full life cycle of the automobile. You can read their latest monthly report here.
(Sources: https://roadpro.io/)
How Will ROAD Trade?
ROAD (OKEx: ROADUSDT) 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.
ROAD will takeout the August 24 peak
ROAD will drop below the August 6 low
ROAD will stay in a trading range between the August 6 low and the August 24 peak until October 17