Defactor (Uniswap: FACTRWETH) 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, FACTR began a red wave one advance on January 11. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 23 and the red wave two (blue sub-waves a-b-c) correction ended on March 1. If this wave count is correct, FACTR should be heading next towards the February 23 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Defactor is building on the big idea of Real World Asset tokenisation. You can read their February 2023 review here.
(Sources: https://defactor.com/)
How Will Defactor Trade?
Defactor (Uniswap: FACTRWETH) 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.
FACTR will takeout the February 23 peak
FACTR will drop below the January 11 low
FACTR will stay in a trading range between the January 11 low and the February 23 peak until April 10
