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Crypto Contest September 11: PlayChip

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25
Markus Aarnio
@maarnio
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PlayChip (Bittrex: PLABTC) 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, PLA began a red wave one advance on May 30. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 21 and the red wave two (blue sub-waves a-b-c) correction ended on August 16. If this wave count is correct, PLA should be heading next towards the July 21 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

PlayChip is an incentivised blockchain enabled, sports community & gambling ecosystem. You can read their latest news here. (Sources: https://www.playchip.com/)

How Will PlayChip Trade?

PlayChip (Bittrex: PLABTC) 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.

PLA will takeout the July 21 peak

PLA will drop below the May 30 low

PLA will stay in a trading range between the May 30 low and the July 21 peak until October 18

Posted Using LeoFinance Beta