Liquity (Coinbase: LQTYUSD) has broken out of the triangle pattern in the four-hour chart.
Elliott Wave Analysis
In Elliott Wave terms, LQTY began a red wave one advance on January 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 23 and the red wave two (blue sub-waves a-b-c) correction ended on February 4. If this wave count is correct, LQTY should be heading next towards the January 23 peak in the red wave three.
Funnymentals
Liquity offers interest-free borrowing, built on Ethereum. The Brutal Investor reviewed the project last month.
(Sources: https://www.liquity.org/)
How Will Liquity Trade?
Liquity (Coinbase: LQTYUSD) four-hour chart by Tradingview.
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.
LQTY will takeout the January 23 peak
LQTY will drop below the January 22 low
LQTY will stay in a trading range between the January 22 low and the January 23 peak until March 20