Orbit Chain (Bithumb: ORCKRW) 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, ORC began a red wave one advance in January. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March and the red wave two (blue sub-waves a-b-c) correction ended in July. If this wave count is correct, ORC should be heading next towards the March peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Orbit Chain is an interchain that stores, transfers, and verifies info and assets of 8+ public blockchains. Cryptosetups explained how the bridge works earlier this year.
(Sources: https://orbitchain.io/)
How Will Orbit Chain Trade?
Orbit Chain (Bithumb: ORCKRW) 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 and comment below.
ORC will takeout the March peak
ORC will drop below the January low
ORC will stay in a trading range between the January low and the March peak until September 9