Flux (KuCoin: ZELBTC) 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, ZEL began a red wave one advance on January 15. The red wave one peaked on January 23 and the red wave two correction ended on January 30. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on February 28 and the red wave four (blue sub-waves a-b-c) correction ended on March 13. If this wave count is correct, ZEL should be heading next towards the February 28 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Flux (formally Zel), provides the ability for 3rd party developers to run their applications on a decentralized network with no single point-of-failure. You can watch their intro video below.
(Sources: https://zel.network/)How Will Flux Trade?
Flux (KuCoin: ZELBTC) 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.
ZEL will takeout the February 28 peak
ZEL will drop below the January 15 low
ZEL will stay in a trading range between the January 15 low and the February 28 peak until April 24
