API3 (OKEx: API3USDT) 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, API3 began a red wave one advance on December 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 20 and the red wave two (blue sub-waves a-b-c) correction ended on December 24. If this wave count is correct, API3 should be heading next towards the December 20 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
API3 is a DAO-governed project for the creation of dAPIs. EllioTrades Crypto reviewed the project last month.
How Will API3 Trade?
API3 (OKEx: API3USDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers.
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.
API3 will takeout the December 20 peak
API3 will drop below the December 9 low
API3 will stay in a trading range between the December 9 low and the December 20 peak until February 2, 2021
API3 will stay in a trading range between the December 9 low and the December 20 peak until February 2, 2021
API3 will stay in a trading range between the December 9 low and the December 20 peak until February 2, 2021