PCHAIN (Bittrex: PIBTC) 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, PI began a wave one advance on March 24. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2, and the red wave two (blue sub-waves a-b-c) correction ended on April 22. If this wave count is correct, PI should be heading next towards the April 2 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
PCHAIN is a multichain system that supports Ethereum Virtual Machine (EVM), which consists of one main chain and multiple derived chains. BlockchainBrad interviewed the CEO in November 2019.
(Sources: https://www.pchain.org/)How Will PCHAIN Trade?
PCHAIN (Bittrex: PIBTC) 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.
PI will takeout the April 2 peak
PI will drop below the March 24 low
PI will stay in a trading range between the March 24 low and the April 2 peak until May 29