Propy (Huobi: PROPYBTC) 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, PROPY began a red wave A advance on April 13. The red wave A (blue sub-waves a-b-c) finished on April 27, and the red wave B (blue sub-waves a-b-c) correction ended on May 4. If this wave count is correct, PROPY should be heading next towards the April 27 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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(Sources: https://propy.com/browse/)How Will Propy Trade?
Propy (Huobi: PROPYBTC) 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.
PROPY will takeout the April 27 peak
PROPY will drop below the April 13 low
PROPY will stay in a trading range between the April 13 low and the April 27 peak until June 15