Crypto Contest October 1: BasedAI

BasedAI (Uniswap: BASEDAIUSD) 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, BASEDAI began a red wave one advance in October 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March 2024 and the red wave two (blue sub-waves a-b-c) correction ended on August 16. If this wave count is correct, BASEDAI should be heading next towards the March 2024 peak in the red wave three.

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

Funnymentals

BasedAI is a layer-1 network for zk-LLMs and smart contracts. The Value Thinker reviewed the project six months ago.

(Sources: https://www.getbased.ai/)

How Will BasedAI Trade?

BasedAI (Uniswap: BASEDAIUSD) 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

BASEDAI will takeout the June 3 peak

BASEDAI will drop below the August 16 low

BASEDAI will stay in a trading range between the August 16 low and the June 3 peak until November 6

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