Zephyr Protocol (MEXC: ZEPHUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, ZEPH began a red wave one advance on October 22. The red wave one peaked on October 31 and the red wave two correction ended on November 3. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on November 23 and the red wave four (blue sub-waves a-b-c) correction ended on November 29. If this wave count is correct, ZEPH should be heading next towards the November 23 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Zephyr Protocol is a crypto-backed, over-collateralized, private, decentralized Stablecoin protocol; inspired by the Djed Protocol on a native Monero based chain, inheriting all privacy features for all assets. Crypto Lush reviewed the project two weeks ago.
(Sources: https://www.zephyrprotocol.com/)
How Will Zephyr Protocol Trade?
Zephyr Protocol (MEXC: ZEPHUSDT) 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
ZEPH will takeout the November 23 peak
ZEPH will drop below the October 22 low
ZEPH will stay in a trading range between the October 22 low and the November 23 peak until January 7, 2024