Pendle (Poloniex: PENDLEUSDT) 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, PENDLE began a red wave one advance on March 28. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 29 and the red wave two (blue sub-waves a-b-c) correction ended on April 4. If this wave count is correct, PENDLE should be heading next towards the March 29 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Pendle is a protocol that enables the tokenization and trading of future yield. Progressiv Invest English reviewed the project two weeks ago.
(Sources: https://www.pendle.finance/)
How Will Pendle Trade?
Pendle (Poloniex: PENDLEUSDT) four-hour 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.
PENDLE will takeout the March 29 peak
PENDLE will drop below the March 28 low
PENDLE will stay in a trading range between the March 28 low and the March 29 peak until May 15