Klaytn (Bittrex: KLAYUSD) 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, KLAY began a red wave one advance on November 26, 2020. The red wave one peaked on December 12, 2020 and the red wave two correction ended on January 4 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on March 15 and the red wave four (blue sub-waves a-b-c) correction ended on March 23. If this wave count is correct, KLAY should be heading next towards the March 15 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Klaytn seeks to serve as a public blockchain platform providing an easy UX and development environment in order to convey the value of blockchain technology. Crypto Currency State reviewed the project four days ago.
(Sources: https://www.klaytn.com/)How Will Klaytn Trade?
Klaytn (Bittrex: KLAYUSD) 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.
KLAY will takeout the March 15 peak
KLAY will drop below the March 3 low
KLAY will stay in a trading range between the March 3 low and the March 15 peak until May 11
