Echelon Prime (Coinbase: PRIMEUSD) 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, PRIME began a red wave one advance on May 25. The red wave one peaked on June 21 and the red wave two correction ended on June 29. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on August 20 and the red wave four correction ended on August 22. If this wave count is correct, PRIME should be heading next towards the August 20 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
PRIME is the native token of the Echelon Prime Foundation, a Web3 ecosystem advancing the next generation of gaming. Crypto Banter reviewed the project ten days ago.
(Sources: https://echelon.io/)
How Will Echelon Prime Trade?
Echelon Prime (Coinbase: PRIMEUSD) daily 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
PRIME will takeout the August 20 peak
PRIME will drop below the August 7 low
PRIME will stay in a trading range between the August 7 low and the August 20 peak until September 30