Crypto Contest November 18: HedgeTrade

Crypto Contest November 18: HedgeTrade

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HedgeTrade (Bittrex: HEDGUSD) 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, HEDG began a wave one advance on October 23. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 26, and the red wave two (blue sub-waves a-b-c) correction ended on November 15. If this wave count is correct, HEDG should be heading next towards the October 26 peak in the red wave three.

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

Funnymentals

HedgeTrade aims to become a platform where the world’s best traders share their knowledge. You can watch their intro video below.

(Sources: https://hedgetrade.com/)

How Will HedgeTrade Trade?

HedgeTrade (Bittrex: HEDGUSD) 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.

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• HEDG will takeout the October 26 peak

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• HEDG will drop below the October 23 low

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• HEDG will stay in a trading range between the October 23 low and the October 26 peak until December 24

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Answer the question at dpoll.xyz.