Crypto Contest October 23: ParallelAI

ParallelAI (Uniswap: PAIUSD) 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, PAI began a red wave one advance on October 9. The red wave one peaked on October 10 and the red wave two correction ended on October 13. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on October 17 and the red wave four (blue sub-waves a-b-c) correction ended on October 20. If this wave count is correct, PAI should be heading next towards the October 17 peak in the red wave five.

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

Funnymentals

ParallelAI is unleashing the power of parallel processing to slash computation times for AI developers by up to 20x. Michael Wrubel reviewed the project two weeks ago.

(Sources: https://www.parallelai.tech/)

How Will ParallelAI Trade?

ParallelAI (Uniswap: PAIUSD) 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

PAI will takeout the October 17 peak

PAI will drop below the October 13 low

PAI will stay in a trading range between the October 13 low and the October 17 peak until November 28

Posted Using InLeo Alpha