PlayDapp (Coinbase: PLAUSD) 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, PLA began a red wave one advance on June 26. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 4 and the red wave two (blue sub-waves a-b-c) correction ended on September 28. If this wave count is correct, PLA should be heading next towards the August 4 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Funnymentals
PlayDapp token is a digital asset used within the PlayDapp Blockchain gaming ecosystem to purchase and trade NFT items within games and with the global C2C marketplace 'playdapp.com'. Sleightly Trading reviewed the project one week ago.
(Sources: https://playdapp.io/)
How Will PlayDapp Trade?
PlayDapp (Uniswap: PLAUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com)
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.
PLA will takeout the August 4 peak
PLA will drop below the June 26 low
PLA will stay in a trading range between the June 26 low and the August 4 peak until November 7