Magic Square (Bybit: SQRUSDT) 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, SQR began a red wave one advance on January 11. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 18 and the red wave two (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, SQR should be heading next towards the January 18 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Magic Square is an immersive discovery & engagement platform for the Web3 crypto ecosystem, empowering users to explore a wide array of community-vetted apps and games. Cryptonauts reviewed the project one month ago.
(Sources: https://magicsquare.io/)
How Will Magic Square Trade?
Magic Square (Bybit: SQRUSDT) 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
SQR will takeout the January 18 peak
SQR will drop below the January 11 low
SQR will stay in a trading range between the January 11 low and the January 18 peak until March 14