Jito (Binance: JTOUSDT) 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, JTO began a red wave one advance on December 7, 2023. The red wave one peaked on December 7, 2023 and the red wave two (blue sub-waves a-b-c) correction ended on January 3 this year. If this wave count is correct, JTO should be heading next towards the December 7, 2023 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Jito is a liquid staking and maximum extractable value (MEV) protocol for the Solana network. University of Crypto reviewed the project one month ago.
(Sources: https://www.jito.network/)
How Will Jito Trade?
Jito (Binance: JTOUSDT) 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
JTO will takeout the December 7 peak
JTO will drop below the December 7 low
JTO will stay in a trading range between the December 7 low and the December 7 peak until March 8