HoneyBee (Bittrex: BEEUSDT) 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, BEE began a red wave one advance on August 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 8 and the red wave two (blue sub-waves a-b-c) correction ended on August 11. If this wave count is correct, BEE should be heading next towards the August 8 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
HoneyFarm Finance is a layered delegated yield farming project with deflationary tokenomics of a maximum supply in previous layers.
(Sources: https://bee.honeyfarm.finance/)
How Will HoneyBee Trade?
HoneyBee (Bittrex: BEEUSDT) 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.
BEE will takeout the August 8 peak
BEE will drop below the August 5 low
BEE will stay in a trading range between the August 5 low and the August 8 peak until September 25