BENQI (Binance: QIUSDT) 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, QI began a red wave one advance in October 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March this year and the red wave two (blue sub-waves a-b-c) correction ended on May 1. If this wave count is correct, QI should be heading next towards the March peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
BENQI is a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The Web3 Chase reviewed the project three months ago.
(Sources: https://benqi.fi/)
How Will BENQI Trade?
BENQI (Binance: QIUSDT) 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
QI will takeout the March 2024 peak
QI will drop below the October 2023 low
QI will stay in a trading range between the October 2023 low and the March 2024 peak until June 17
