Crypto Contest August 18: Icarus Network
Icarus Network (Bittrex: ICAUSDT) 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, ICA began a red wave one advance on July 8. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 20 and the red wave two (blue sub-waves a-b-c) correction ended on August 12. If this wave count is correct, ICA should be heading next towards the July 20 peak in the red wave three. (Chart courtesy of Tradingview.com)
Funnymentals
Icarus has no transaction fees, unlimited storage of data (and types) and is backward compatible with Ethereum. You can read their whitepaper here. (Sources: https://icarusnetwork.org/)
How Will Icarus Network Trade?
Icarus Network (Bittrex: ICAUSDT) daily chart by Tradingview. (Chart courtesy of Tradingview.com)
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.
ICA will takeout the July 20 peak
ICA will drop below the July 8 low
ICA will stay in a trading range between the July 8 low and the July 20 peak until September 24
Posted Using LeoFinance Beta