THETA (Binance: THETAUSDT) 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, THETA began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 27, and the red wave two (blue sub-waves a-b-c) correction ended on June 12. If this wave count is correct, THETA should be heading next towards the May 27 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
THETA is an open source protocol that powers a decentralized streaming network. Coin Bureau reviewed the project four months ago.
(Sources: https://www.thetatoken.org/)How Will THETA Trade?
THETA (Binance: THETAUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
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.
THETA will takeout the May 27 peak
THETA will drop below the May 10 low
THETA will stay in a trading range between the May 10 low and the May 27 peak until July 28
