Crypto Contest September 7: xDai STAKE

xDai STAKE (Poloniex: STAKEUSDT) 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, STAKE began a red wave one advance on July 15. The red wave one finished on July 22, and the red wave two correction ended on July 27. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on September 2, and the red wave four (blue sub-waves a-b-c) correction ended on September 5. If this wave count is correct, STAKE should be heading next towards the September 2 peak in the red wave five. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

The xDai Chain is a stable payments blockchain designed for fast and inexpensive stable transactions. xDai is used for transactions, payments and fees, and STAKE is used to support Proof-of-Stake consensus. Cryptovator explained how you can stake your STAKE.

(Sources: https://www.xdaichain.com/)

How Will xDai STAKE Trade?

xDai STAKE (Poloniex: STAKEUSDT) 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.

STAKE will takeout the September 2 peak

STAKE will drop below the August 24 low

STAKE will stay in a trading range between the August 24 low and the September 2 peak until October 13

Posted Using LeoFinance