Tendies (Poloniex: TENDUSDT) 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, TEND began a red wave one advance on January 13. The red wave one peaked on January 20 and the red wave two correction ended on January 20. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on January 30 and the red wave four (blue sub-waves a-b-c) correction ended on February 3. If this wave count is correct, TEND should be heading next towards the January 30 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe TEND is currently in the red wave three (blue sub-wave iii). The red wave one began on November 21, 2020 and the red wave two correction ended on December 5, 2020.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The project claims to be an autonomous and hyper deflationary coin. You can watch their intro video below.
(Sources: https://www.tendies.dev/)How Will Tendies Trade?
Tendies (Poloniex: TENDUSDT) daily 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.
TEND will takeout the January 30 peak
TEND will drop below the January 13 low
TEND will stay in a trading range between the January 13 low and the January 30 peak until March 13
