ForTube (Binance: FORBUSD) 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, FOR began a red wave one advance on January 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 21 and the red wave two (blue sub-waves a-b-c) correction ended on February 28. If this wave count is correct, FOR should be heading next towards the February 21 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily line chart, I believe FOR is currently in the red wave three (blue sub-wave iii). The red wave one began on January 1, 2020 and the red wave two correction ended on January 13 this year.
(Chart courtesy of CoinMarketCap.com)
Funnymentals
Based on The Force Protocol, ForTube is committed to providing decentralized lending services for cryptoasset enthusiasts around the world. You can read their February 2021 AMA recap here.
(Sources: https://for.tube/)
How Will ForTube Trade?
ForTube (Binance: FORBUSD) 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.
FOR will takeout the February 21 peak
FOR will drop below the January 13 low
FOR will stay in a trading range between the January 13 low and the February 21 peak until April 10
