SIX (PancakeSwap: SIXUSDT) 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, SIX began a red wave one advance on September 4. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 11 and the red wave two (blue sub-waves a-b-c) correction ended on November 1. If this wave count is correct, SIX should be heading next towards the October 11 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
SIX Network is focusing on creating an environment for businesses to enter Web3. You can find their Q3 report here.
(Sources: https://six.network/)
How Will SIX Trade?
SIX (PancakeSwap: SIXUSDT) 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
SIX will takeout the October 11 peak
SIX will drop below the September 4 low
SIX will stay in a trading range between the September 4 low and the October 11 peak until December 12
SIX will drop below the September 4 low
SIX will stay in a trading range between the September 4 low and the October 11 peak until December 12
SIX will drop below the September 4 low