THORSwap (CoinEx: THORUSDT) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, THOR began a red wave one advance in June 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in November 2023 and the red wave two (blue sub-waves a-b-c) correction ended on August 5 this year. If this wave count is correct, THOR should be heading next towards the November 2023 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
THORSwap is a multi-chain DEX aggregator built on THORChain's cross-chain liquidity protocol and the flagship interface for all THORChain services. Crypto Explorer reviewed the project one month ago.
(Sources: https://www.thorswap.finance/)
How Will THORSwap Trade?
THORSwap (CoinEx: THORUSDT) 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
THOR will takeout the March 26 peak
THOR will drop below the August 5 low
THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4