JOE (Binance: JOEUSDT) has broken out of the triangle pattern in the daily chart.
Elliott Wave Analysis
In Elliott Wave terms, JOE began a red wave one advance on January 24. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 1 and the red wave two (blue sub-waves a-b-c) correction ended on March 15. If this wave count is correct, JOE should be heading next towards the February 1 peak in the red wave three.
Funnymentals
JOE is the native token of Trader Joe, a decentralized exchange on the Avalanche blockchain that offers DeFi services, including swapping, staking and yield farming. Lark Davis reviewed the project earlier this year.
(Sources: https://traderjoexyz.com/)
How Will JOE Trade?
JOE (Binance: JOEUSDT) daily chart by Tradingview.
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.
JOE will takeout the February 1 peak
JOE will drop below the January 24 low
JOE will stay in a trading range between the January 24 low and the February 1 peak until May 5