Crypto Contest August 24: King DAG

King DAG (Bittrex: KDAGUSD) 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, KDAG began a red wave one advance on July 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 17, and the red wave two (blue sub-waves a-b-c) correction ended on August 22. If this wave count is correct, KDAG should be heading next towards the August 17 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

KDAG (KING of Directed Acyclic Graph) is the underlying infrastructure of a "new generation" of value networks, dedicated to building a "new generation" of underlying trusted network protocols, and providing efficient, convenient, secure, and stable development and deployment environments to customers worldwide. You can read their latest monthly update here.

(Sources: https://kdag.io/)

How Will King DAG Trade?

King DAG (Bittrex: KDAGUSD) 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.

KDAG will takeout the August 17 peak

KDAG will drop below the July 30 low

KDAG will stay in a trading range between the July 30 low and the August 17 peak until September 29

Posted Using LeoFinance