Moonriver (Binance: MOVRUSDT) 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, MOVR began a red wave one advance on December 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 25 and the red wave two (blue sub-waves a-b-c) correction ended on December 28. If this wave count is correct, MOVR should be heading next towards the December 25 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. You can listen to their latest AMA here.
(Sources: https://moonbeam.network/networks/moonriver/)
How Will Moonriver Trade?
Moonriver (Binance: MOVRUSDT) 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.
MOVR will takeout the December 25 peak
MOVR will drop below the December 22 low
MOVR will stay in a trading range between the December 22 low and the December 25 peak until February 3