The Graph (Binance: GRTUSDT) 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, GRT began a red wave one advance on December 17. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 20 and the red wave two (blue sub-waves a-b-c) correction ended on December 26. If this wave count is correct, GRT should be heading next towards the December 20 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Coin Bureau reviewed the protocol three days ago.
(Sources: https://thegraph.com/)How Will The Graph Trade?
The Graph (Binance: GRTUSDT) 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.
GRT will takeout the December 20 peak
GRT will drop below the December 17 low
GRT will stay in a trading range between the December 17 low and the December 20 peak until February 4, 2021
