Unibright (HitBTC: UBTUSD) 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, UBT began a wave one advance on March 28. The blue wave one finished on April 7, and the blue wave two correction ended on April 16. The blue wave three advance finished on April 29, and the blue wave four correction ended on May 4. If this wave count is correct, UBT should be heading next towards the April 29 peak in the blue wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe UBT is currently in the red wave three (blue sub-wave v). The red wave three began on March 28.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Unibright offers a unified framework that aims to bring blockchain technology and smart contracts to mainstream usage. Hashoshi reviewed the project two weeks ago.
(Sources: https://unibright.io/)How Will Unibright Trade?
Unibright (HitBTC: UBTUSD) 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.
UBT will takeout the April 29 peak
UBT will drop below the April 16 low
UBT will stay in a trading range between the April 16 low and the April 29 peak until June 10