dForce (Binance: DFBUSD) 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, DF began a red wave one advance on December 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 12 and the red wave two (blue sub-waves a-b-c) correction ended on December 24. If this wave count is correct, DF should be heading next towards the December 12 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
DF is the platform utility token of the dForce network, an integrated and interoperable DeFi platform. You can read their latest news here.
(Sources: https://dforce.network/)
How Will dForce Trade?
dForce (Binance: DFBUSD) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
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.
DF will takeout the December 12 peak
DF will drop below the December 11 low
DF will stay in a trading range between the December 11 low and the December 12 peak until February 3, 2021
