ARC (MEXC: ARCUSDT) 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, ARC began a red wave one advance on August 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 18 and the red wave two (blue sub-waves a-b-c) correction ended on August 22. If this wave count is correct, ARC should be heading next towards the August 18 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
ARC is at the cutting edge of Web3 and AI advancements. You can watch their latest AMA below.
(Sources: https://arcai.org/)
How Will ARC Trade?
ARC (MEXC: ARCUSDT) 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
ARC will takeout the August 18 peak
ARC will drop below the August 5 low
ARC will stay in a trading range between the August 5 low and the August 18 peak until September 29