Crypto Contest November 29: Red Pulse Phoenix

Red Pulse Phoenix (Binance: PHXBNB) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Red Pulse Phoenix began a wave one advance on September 12. The red wave one finished on September 18, and the red wave two correction ended on September 25. The red wave three advance finished on October 27, and the red wave four correction ended on November 25. If this wave count is correct, Red Pulse Phoenix should be heading next towards the October 27 peak in the red wave five.

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

Funnymentals

Red Pulse is a market intelligence platform covering China's financial and capital markets. BIG Crypto interviewed the CEO this summer.

(Sources: https://www.redpulse.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Red Pulse Phoenix will takeout the October 27 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Red Pulse Phoenix will drop below the September 25 low".

If you think Red Pulse Phoenix is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Red Pulse Phoenix will stay in a trading range between the September 25 low and the October 27 peak until January 3, 2019".

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

You can upvote the comment until 3 PM EST December 2 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

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