BitDAO (Coinbase: BITUSD) 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, BIT began a red wave one advance on June 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 26 and the red wave two (blue sub-waves a-b-c) correction ended on June 30. If this wave count is correct, BIT should be heading next towards the June 26 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
BitDAO is empowering the next generation of Web3 builders and orgs with one of the largest and most diverse token-governed treasuries in the world. Marvin Germo reviewed the project four months ago.
(Sources: https://www.bitdao.io/)
How Will BitDAO Trade?
BitDAO (Coinbase: BITUSD) 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.
BIT will takeout the June 26 peak
BIT will drop below the June 18 low
BIT will stay in a trading range between the June 18 low and the June 26 peak until August 17
BIT will drop below the June 18 low
BIT will drop below the June 18 low
BIT will stay in a trading range between the June 18 low and the June 26 peak until August 17.
BIT will stay in a trading range between the June 18 low and the June 26 peak until August 17