Open Platform (KuCoin: OPENETH) 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, OPEN began a red wave one advance on April 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 20, and the red wave two (blue sub-waves a-b-c) correction ended on September 12. If this wave count is correct, OPEN should be heading next towards the July 20 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Open Platform is utilizing blockchain and cryptocurrency tech to mainstream app development. You can read their 2020 road map here.
(Sources: https://www.openfuture.io/)
How Will Open Platform Trade?
Open Platform (KuCoin: OPENETH) 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.
OPEN will takeout the July 20 peak
OPEN will drop below the April 16 low
OPEN will stay in a trading range between the April 16 low and the July 20 peak until October 23