Honk (Raydium: HONKUSD) 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, HONK began a red wave one advance on January 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 9 and the red wave two (blue sub-waves a-b-c) correction ended on April 13. If this wave count is correct, HONK should be heading next towards the March 9 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Honk is the first goose-themed coin on the Solana blockchain. Tech Guy Kay reviewed the project one month ago.
(Sources: https://honk.lol/)
How Will Honk Trade?
Honk (Raydium: HONKUSD) 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
HONK will takeout the March 9 peak
HONK will drop below the January 12 low
HONK will stay in a trading range between the January 12 low and the March 9 peak until June 2
