Crypto Contest January 23: Kintsugi
Kintsugi (Kraken: KINTUSD) 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, KINT began a red wave one advance on January 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 21 and the red wave two (blue sub-waves a-b-c) correction ended on January 22. If this wave count is correct, KINT should be heading next towards the January 21 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))
Funnymentals
Kintsugi's flagship product, is a 1:1 Bitcoin-backed asset on Kusama. Acala Network reviewed the project four months ago.
(Sources: https://kintsugi.interlay.io/)
How Will Kintsugi Trade?
Kintsugi (Kraken: KINTUSD) four-hour chart by Tradingview. (Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
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.
KINT will takeout the January 21 peak
KINT will drop below the January 19 low
KINT will stay in a trading range between the January 19 low and the January 21 peak until March 2
Posted Using LeoFinance Beta