1X Short Cosmos Token (FTX: ATOMHEDGEUSD) 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, ATOMHEDGE began a red wave A (blue sub-waves a-b-c) advance on January 16. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on April 9. If this wave count is correct, ATOMHEDGE should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
1X Short Cosmos Token (ATOMHEDGE) is an ERC20 token which seeks a return that corresponds to -1 times the daily return of Cosmos.
(Sources: https://ftx.com/tokens/ATOMHEDGE)
How Will ATOMHEDGE Trade?
1X Short Cosmos Token (FTX: ATOMHEDGEUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
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.
ATOMHEDGE will takeout the March 13 peak
ATOMHEDGE will drop below the January 16 low
ATOMHEDGE will stay in a trading range between the January 16 low and the March 13 peak until May 17
Posted via Steemleo