3X Short Ethereum Token (FTX: ETHBEARUSD) 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, ETHBEAR began a red wave A (blue sub-waves a-b-c) advance on February 18. 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, ETHBEAR should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
3X Short ETH Token (ETHBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Ethereum.
(Sources: https://ftx.com/tokens/ETHBEAR)
How Will ETHBEAR Trade?
3X Short Ethereum Token (FTX: ETHBEARUSD) 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.
ETHBEAR will takeout the March 13 peak
ETHBEAR will drop below the February 18 low
ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30
Posted via Steemleo