3X Short EOS Token (FTX: EOSBEARUSD) 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, EOSBEAR began a red wave A (blue sub-waves a-b-c) advance on February 12. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on March 24. If this wave count is correct, EOSBEAR should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
3X Short EOS Token (EOSBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of EOS.
(Sources: https://ftx.com/trade/EOSBEAR/USD)
How Will EOSBEAR Trade?
3X Short EOS Token (FTX: EOSBEARUSD) 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.
EOSBEAR will takeout the March 13 peak
EOSBEAR will drop below the February 12 low
EOSBEAR will stay in a trading range between the February 12 low and the March 13 peak until April 29
Posted via Steemleo
