AltLayer (Binance: ALTUSDT) 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, ALT began a red wave one advance on July 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 19 and the red wave two (blue sub-waves a-b-c) correction ended on July 25. If this wave count is correct, ALT should be heading next towards the July 19 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
AltLayer is an open and decentralized protocol for rollups. Honest Crypto Insights reviewed the project three days ago.
(Sources: https://www.altlayer.io/)
How Will AltLayer Trade?
AltLayer (Binance: ALTUSDT) four-hour 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
ALT will takeout the July 19 peak
ALT will drop below the July 5 low
ALT will stay in a trading range between the July 5 low and the July 19 peak until September 2