Palette (Bybit: PLTUSDT) 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, PLT began a red wave one advance on August 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 9 and the red wave two (blue sub-waves a-b-c) correction ended on August 16. If this wave count is correct, PLT should be heading next towards the August 9 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Palette is a blockchain optimized for Manga/Sports/Music NFTs. You can find their token allocation here.
(Sources: https://hashpalette.com/en/)
How Will Palette Trade?
Palette (Bybit: PLTUSDT) 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
PLT will takeout the August 9 peak
PLT will drop below the August 6 low
PLT will stay in a trading range between the August 6 low and the August 9 peak until September 26
