UniLend (Binance: UFTBUSD) 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, UFT began a red wave one advance on February 26. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 1 and the red wave two (blue sub-waves a-b-c) correction ended on March 5. If this wave count is correct, UFT should be heading next towards the March 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
UniLend is a permission-less decentralized protocol that combines spot trading & money markets with lending & borrowing services. DubDigital reviewed the protocol last month.
(Sources: https://unilend.finance/)How Will UniLend Trade?
UniLend (Binance: UFTBUSD) four-hour 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.
UFT will takeout the March 1 peak
UFT will drop below the February 26 low
UFT will stay in a trading range between the February 26 low and the March 1 peak until April 17
