SushiSwap (Binance: SUSHIUSDT) 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, SUSHI began a red wave one advance on October 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 10 and the red wave two (blue sub-waves a-b-c) correction ended on October 20. If this wave count is correct, SUSHI should be heading next towards the October 10 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Sushiswap protocol realigns incentives for network participants by introducing revenue-sharing & community driven network effects to the popular AMM model. Coin Bureau reviewed the project last month.
How Will SushiSwap Trade?
SushiSwap (Binance: SUSHIUSDT) 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.
SUSHI will takeout the October 10 peak
SUSHI will drop below the October 7 low
SUSHI will stay in a trading range between the October 7 low and the October 10 peak until December 1
SUSHI will stay in a trading range between the October 7 low and the October 10 peak until December 1