Crypto Contest April 8: PolkaBridge

LeoFinance
10 days ago
1 Min Read
226 Words

PolkaBridge (Uniswap: PBRWETH) 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, PBR began a red wave one advance on January 23. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 13 and the red wave two (blue sub-waves a-b-c) correction ended on April 7. If this wave count is correct, PBR should be heading next towards the February 13 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

PolkaBridge is a decentralized bridge between Polkadot platform and other chains, powered by Polkadot. UP NEXT CRYPTO reviewed the bridge two weeks ago.

(Sources: https://polkabridge.org/)

How Will PolkaBridge Trade?

PolkaBridge (Uniswap: PBRWETH) 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.

PBR will takeout the February 13 peak

PBR will drop below the January 23 low

PBR will stay in a trading range between the January 23 low and the February 13 peak until May 15

Posted Using LeoFinance Beta