Solend (CRYPTO: SLNDUSD) 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, SLND began a red wave one advance on October 28, 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 29, 2023 and the red wave two (blue sub-waves a-b-c) correction ended on January 12 this year. If this wave count is correct, SLND should be heading next towards the December 29 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Solend is "the" autonomous interest rate machine for lending on Solana. Altcoin Radar reviewed the project four months ago.
(Sources: https://solend.fi/)
How Will Solend Trade?
Solend (CRYPTO: SLNDUSD) 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
SLND will takeout the December 29 peak
SLND will drop below the December 19 low
SLND will stay in a trading range between the December 19 low and the December 29 peak until February 25