DexKit (Uniswap: KITWETH) 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, KIT began a red wave one advance on February 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 10 and the red wave two correction ended on March 11. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on March 18 and the red wave four (blue sub-waves a-b-c) correction ended on March 23. If this wave count is correct, KIT should be heading next towards the March 18 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe KIT is currently in the red wave three (blue sub-wave v). The red wave one began on December 11, 2020 and the red wave two correction ended on February 22 this year.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
DexKit is the "next generation" DEX ToolKit. You can watch their latest update below.
(Sources: https://dexkit.com/)How Will DexKit Trade?
DexKit (Uniswap: KITWETH) 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.
KIT will takeout the March 18 peak
KIT will drop below the February 22 low
KIT will stay in a trading range between the February 22 low and the March 18 peak until May 1
