Bitspawn (Bittrex: SPWNUSDT) 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, SPWN began a red wave one advance on August 26. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on September 1 and the red wave two (blue sub-waves a-b-c) correction ended on September 30. If this wave count is correct, SPWN should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Bitspawn is building digital infrastructure for gamers. You can read their latest progress report here.
(Sources: https://bitspawn.io/)
How Will Bitspawn Trade?
Bitspawn (Bittrex: SPWNUSDT) 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.
SPWN will takeout the September 1 peak
SPWN will drop below the August 26 low
SPWN will stay in a trading range between the August 26 low and the September 1 peak until November 8