CoinPoker (HitBTC: CHPETH) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, CHP began a wave one advance in February. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April, and the red wave two (blue sub-waves a-b-c) correction could have ended this month. If this wave count is correct, CHP should be heading next towards the April peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
CoinPoker is decentralized poker powered by cryptocurrency. You can watch their intro video below.
(Sources: https://coinpoker.com/#about)
How Will CoinPoker Trade?
CoinPoker (HitBTC: CHPETH) weekly 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.
CHP will takeout the August peak
CHP will drop below the February low
CHP will stay in a trading range between the February low and the August peak until December 23
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CHP will stay in a trading range between the February low and the August peak until December 23
(46.43%)
13
/ 28
46.43% Complete (success)
CHP will drop below the February low
(35.71%)
10
/ 28
35.71% Complete (success)
CHP will takeout the August peak
(17.86%)
5
/ 28
17.86% Complete (success)