Crypto Contest November 14: Ignis

Crypto Contest November 14: Ignis

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Ignis (Bittrex: IGNISUSD) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, IGNIS began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended in October. If this wave count is correct, IGNIS should be heading next towards the June peak in the red wave three.

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

Funnymentals

Ignis is the main, public, permissionless and fully featured child chain of the Ardor Platform. Crypto Woman covered something that IGNIS holders might want to take a look at.

(Sources: https://www.jelurida.com/ignis)

How Will Ignis Trade?

Ignis (Bittrex: IGNISUSD) weekly 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.

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• IGNIS will takeout the June peak

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• IGNIS will drop below the October low

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• IGNIS will stay in a trading range between the October low and the June peak until December 20

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Answer the question at dpoll.xyz.