Sylo (KuCoin: SYLOUSDT) 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, SYLO began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 21 and the red wave two (blue sub-waves a-b-c) correction ended on August 4. If this wave count is correct, SYLO should be heading next towards the July 21 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Sylo is a decentralised communication and data exchange network powered by a layer 2 micropayments infrastructure and the SYLO token. Koinaly reviewed the project seven months ago.
(Sources: https://www.sylo.io/)
How Will Sylo Trade?
Sylo (KuCoin: SYLOUSDT) 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.
SYLO will takeout the July 21 peak
SYLO will drop below the May 12 low
SYLO will stay in a trading range between the May 12 low and the July 21 peak until September 14
