TENET (KuCoin: TENETUSDT) 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, TENET began a red wave one advance on May 25. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 25 and the red wave two (blue sub-waves a-b-c) correction ended on June 14. If this wave count is correct, TENET should be heading next towards the May 25 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
TENET is a Layer-1 Ecosystem for LSDs, dedicated to unlocking liquidity and safely increasing yields. The House Of Crypto reviewed the project one month ago.
(Sources: https://tenet.org/)
How Will TENET Trade?
TENET (KuCoin: TENETUSDT) 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
TENET will takeout the May 25 peak
TENET will drop below the May 25 low
TENET will stay in a trading range between the May 25 low and the May 25 peak until August 7