3X Short Algorand Token (FTX: ALGOBEARUSD) 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, ALGOBEAR began a red wave A (blue sub-waves a-b-c) advance on February 24. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on March 27. If this wave count is correct, ALGOBEAR should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
3X Short Algorand Token (ALGOBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Algorand.
(Sources: https://ftx.com/trade/ALGOBEAR/USD)
How Will ALGOBEAR Trade?
3X Short Algorand Token (FTX: ALGOBEARUSD) four-hour 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.
ALGOBEAR will takeout the March 13 peak
ALGOBEAR will drop below the March 5 low
ALGOBEAR will stay in a trading range between the March 5 low and the March 13 peak until May 6
Posted via Steemleo