Darwinia Network (Poloniex: RINGUSDT) 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, RING began a red wave one advance on July 2. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 31, and the red wave two (blue sub-waves a-b-c) correction ended on September 19. If this wave count is correct, RING should be heading next towards the August 31 peak in the red wave three.
(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Darwinia Network is an open cross-chain bridge protocol based on Substrate. The Darwinia mainnet is planned to launch between September 25 and October 15.
(Sources: https://darwinia.network/)
How Will Darwinia Network Trade?
Darwinia Network (Poloniex: RINGUSDT) 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.
RING will takeout the August 31 peak
RING will drop below the August 2 low
RING will stay in a trading range between the August 2 low and the August 31 peak until October 27