Crypto Contest September 9: Rocket Pool

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Rocket Pool (CoinEx: RPLUSDT) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, RPL began a red wave one advance on June 30. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 6 and the red wave two (blue sub-waves a-b-c) correction ended on August 20. If this wave count is correct, RPL should be heading next towards the August 6 peak in the red wave three.

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

Funnymentals

Rocket Pool is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking. Bankless reviewed the project one week ago.

(Sources: https://rocketpool.net/)

How Will Rocket Pool Trade?

Rocket Pool (CoinEx: RPLUSDT) daily 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.

RPL will takeout the August 6 peak

RPL will drop below the June 30 low

RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

Posted Using LeoFinance Beta

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33 comments
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RPL will takeout the August 6 peak

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RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

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RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

!PIZZA

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RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

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0.000
Reply
avatar

RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

Posted Using LeoFinance Beta

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0.000
Reply
avatar

RPL will drop below the June 30 low

0
0
0.000
Reply
avatar

RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

0
0
0.000
Reply
avatar

RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

0
0
0.000
Reply
avatar

RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

0
0
0.000
Reply
avatar

RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

0
0
0.000
Reply
avatar

RPL will stay in a trading range between the June 30 low and the August 6 peak until October 16

Posted Using LeoFinance Beta

0
0
0.000
Reply