Parallel Finance (Kraken: PARAUSD) 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, PARA began a red wave one advance on January 1. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 24 and the red wave two (blue sub-waves a-b-c) correction ended on February 14. If this wave count is correct, PARA should be heading next towards the January 24 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Parallel is the DeFi "Super" DApp for Polkadot. You can watch their presentation below.
(Sources: https://parallel.fi/)
How Will Parallel Finance Trade?
Parallel Finance (Kraken: PARAUSD) 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.
PARA will takeout the January 24 peak
PARA will drop below the January 1 low
PARA will stay in a trading range between the January 1 low and the January 24 peak until March 25
