LiquidLayer (Uniswap: LILAUSD) 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, LILA began a red wave one advance on October 24, 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 11, 2023 and the red wave two (blue sub-waves a-b-c) correction ended on January 15 this year. If this wave count is correct, LILA should be heading next towards the December 11 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
LiquidLayer is a highly scalable PoW blockchain with integrated Liquid-Staking-Derivative Bridge. No Bs Crypto reviewed the project two months ago.
(Sources: https://www.liquidlayer.network/)
How Will LiquidLayer Trade?
LiquidLayer (Uniswap: LILAUSD) 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
LILA will takeout the January 16 peak
LILA will drop below the January 15 low
LILA will stay in a trading range between the January 15 low and the January 16 peak until March 5