Crypto Contest March 9: QuarkChain

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·@maarnio·
0.000 HBD
Crypto Contest March 9: QuarkChain
QuarkChain (Binance: QKCBTC) has broken out of the triangle pattern in the daily chart.
https://i.postimg.cc/9fWTXzrY/nimet-n.png
(Chart courtesy of Tradingview.com (log scale))

**Elliott Wave Analysis**

In Elliott Wave terms, QKC began a wave one advance on January 29. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 13, and the red wave two (blue sub-waves a-b-c) correction ended on February 26. If this wave count is correct, QKC should be heading next towards the February 13 peak in the red wave three.
https://i.postimg.cc/26N5jKcR/nimet-n2.png
(Chart courtesy of Tradingview.com (log scale))

**Funnymentals**

QuarkChain aims to provide a secure, decentralized, and scalable blockchain solution to deliver 1,000,000+ on-chain TPS (transactions per second). The latest price spike could be due to the following [news](https://medium.com/@quarkchainio/launching-native-tokens-with-just-one-click-668113abf330#TWITTER):
https://i.postimg.cc/vH9jn8vV/nimet-n4.png
(Sources: https://quarkchain.io/)



**How Will QuarkChain Trade?**

QuarkChain (Binance: QKCBTC) daily chart by Tradingview.
https://i.postimg.cc/28h09HMb/nimet-n3.png
(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.

QKC will takeout the February peak

QKC will drop below the January low

QKC will stay in a trading range between the January low and the February peak until April 12

Posted via <a href="https://steemleo.com/">Steemleo</a>
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