Router Protocol (KuCoin: ROUTEUSDT) 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, ROUTE began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 6 and the red wave two (blue sub-waves a-b-c) correction ended on June 30. If this wave count is correct, ROUTE should be heading next towards the June 6 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Router Protocol is a crosschain-liquidity aggregator platform that was built to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions. Alchemy Meta reviewed the project four months ago.
(Sources: https://www.routerprotocol.com/)
How Will Router Protocol Trade?
Router Protocol (KuCoin: ROUTEUSDT) 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.
ROUTE will takeout the June 6 peak
ROUTE will drop below the May 12 low
ROUTE will stay in a trading range between the May 12 low and the June 6 peak until August 19
ROUTE will stay in a trading range between the May 12 low and the June 6 peak until August 19
ROUTE will stay in a trading range between the May 12 low and the June 6 peak until August 19
ROUTE will stay in a trading range between the May 12 low and the June 6 peak until August 19.
ROUTE will drop below the May 12 low
ROUTE will stay in a trading range between the May 12 low and the June 6 peak until August 19