Tap Protocol (KuCoin: TAPUSDT) 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, TAP began a red wave one advance on October 23. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 2 and the red wave two (blue sub-waves a-b-c) correction ended on November 25. If this wave count is correct, TAP should be heading next towards the November 2 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Tap Protocol is the home of Defi & dApps on L1 Bitcoin. You can find their intro video below.
(Sources: https://www.tap-protocol.com/)
How Will Tap Protocol Trade?
Tap Protocol (KuCoin: TAPUSDT) 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
TAP will takeout the November 2 peak
TAP will drop below the October 23 low
TAP will stay in a trading range between the October 23 low and the November 2 peak until January 20
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Your post after many days is appreciated by blurt users.
Post has received 3 votes in this week. Reward from comment will be credited to your and support your work!(Don't worry if it didn't get your vote right away. The app regenerates its VP.)
You can check posts ranking on https://blurt.pl/en/promo.php
Help dig up good content from the depths of the Blurt network. Support others by voting for content you find valuable regardless of publication date!.
Are you creating something valuable and selling your services? Or maybe you are looking for something for yourself? Feel free to add your ads to blurt market! Help build the exchange platform on blurt: https://blurt.pl/en/market.php.
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TAP will stay in a trading range between the October 23 low and the November 2 peak until January 20
TAP will takeout the November 2 peak
TAP will stay in a trading range between the October 23 low and the November 2 peak until January 20