Crypto Contest August 14: Taraxa

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Taraxa (KuCoin: TARAUSDT) 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, TARA began a red wave one advance on July 18. The red wave one peaked on July 22 and the red wave two correction ended on July 28. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on August 9 and the red wave four (blue sub-waves a-b-c) correction ended on August 11. If this wave count is correct, TARA should be heading next towards the August 9 peak in the red wave five.

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

Funnymentals

Taraxa is an EVM-compatible smart contract platform based on t-Graph consensus utilizing blockDAG, enabling web3 to solve real-world problems. KE Crypto reviewed the project ten days ago.

(Sources: https://www.taraxa.io/)

How Will Taraxa Trade?

Taraxa (KuCoin: TARAUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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

TARA will takeout the August 9 peak

TARA will drop below the July 28 low

TARA will stay in a trading range between the July 28 low and the August 9 peak until September 19

Posted Using LeoFinance Alpha

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TARA will stay in a trading range between the July 28 low and the August 9 peak until September 19

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TARA will takeout the August 9 peak

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!PGM !LOOLZ !MEME

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TARA will stay in a trading range between the July 28 low and the August 9 peak until September 19

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TARA will takeout the August 9 peak

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TARA will takeout the August 9 peak

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TARA will stay in a trading range between the July 28 low and the August 9 peak until September 19

!BEER
!BBH
!WINE

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@maarnio! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @eii. (2/5)

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TARA will takeout the August 9 peak

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TARA will drop below the July 28 low

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TARA will stay in a trading range between the July 28 low and the August 9 peak until September 19

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