Elephant Money (PancakeSwap: TRUNKBUSD) 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, TRUNK began a red wave one advance on March 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 5 and the red wave two (blue sub-waves a-b-c) correction ended on June 18. If this wave count is correct, TRUNK should be heading next towards the June 5 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
TRUNK is a cross-chain deflationary utility token of the Elephant Money protocol that is used as collateral in various DeFi ecosystems. Tommy reviewed the project one month ago.
(Sources: https://elephant.money/trunk)
How Will Elephant Money Trade?
Elephant Money (PancakeSwap: TRUNKBUSD) 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
TRUNK will takeout the June 5 peak
TRUNK will drop below the May 15 low
TRUNK will stay in a trading range between the May 15 low and the June 5 peak until July 31