Crypto Contest April 20: CyberVein

CyberVein (Bittrex: CVTUSD) 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, CVT began a wave one advance on March 25. The red wave one finished on March 29, and the red wave two correction ended on March 30. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave four (blue sub-waves a-b-c) correction ended on April 17. If this wave count is correct, CVT should be heading next towards the April 8 peak in the red wave five.

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

Funnymentals

CyberVein is a public network of immutable databases. You can watch their intro video below.

(Sources: https://www.cybervein.org/)

How Will CyberVein Trade?

CyberVein (Bittrex: CVTUSD) four-hour 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.

CVT will takeout the April 8 peak

CVT will drop below the March 30 low

CVT will stay in a trading range between the March 30 low and the April 8 peak until May 24

Posted via LeoFinance