Hop Protocol (MEXC: HOPUSDT) 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, HOP began a red wave one advance on January 4. The red wave one peaked on February 4 and the red wave two correction ended on February 10. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on February 25 and the red wave four (blue sub-waves a-b-c) correction ended on March 11. If this wave count is correct, HOP should be heading next towards the February 25 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Hop is a multichain bridge connecting Ethereum with Layer-2 networks. You can watch their latest presentation below.
(Sources: https://hop.exchange/)
How Will Hop Protocol Trade?
Hop Protocol (MEXC: HOPUSDT) 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.
HOP will takeout the February 25 peak
HOP will drop below the February 10 low
HOP will stay in a trading range between the February 10 low and the February 25 peak until April 26