Crypto Contest April 5: 3X Short Dragon Index Token

in blockchain •  5 years ago 

3X Short Dragon Index Token (FTX: DRGNBEARUSD) 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, DRGNBEAR began a red wave A (blue sub-waves a-b-c) advance on February 15. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on April 2. If this wave count is correct, DRGNBEAR should be heading next towards the March 13 peak in the red wave C.

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

Funnymentals

3X Short Dragon Index Token (DRGNBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Dragon Index.

(Sources: https://ftx.com/tokens/DRGNBEAR)

How Will DRGNBEAR Trade?

3X Short Dragon Index Token (FTX: DRGNBEARUSD) 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.

DRGNBEAR will takeout the March 13 peak

DRGNBEAR will drop below the February 15 low

DRGNBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 9

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DRGNBEAR will drop below the February 15 low

Correct.

DRGNBEAR will drop below the February 15 low

Correct.

DRGNBEAR will drop below the February 15 low

Correct.

DRGNBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 9

DRGNBEAR will drop below the February 15 low

Correct.

DRGNBEAR will drop below the February 15 low

Correct.

DRGNBEAR will drop below the February 15 low

Correct.

DRGNBEAR will drop below the February 15 low

Correct.

DRGNBEAR will drop below the February 15 low

Correct.

DRGNBEAR will takeout the March 13 peak

DRGNBEAR will takeout the March 13 peak

DRGNBEAR will takeout the March 13 peak

DRGNBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 9

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DRGNBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 9

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DRGNBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 9