Snek (CRYPTO: SNEKUSD) 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, SNEK began a red wave one advance on October 21. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 10 and the red wave two (blue sub-waves a-b-c) correction ended on November 15. If this wave count is correct, SNEK should be heading next towards the November 10 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
SNEK aims to be the chillest meme coin on Cardano with a fair distributed launch including 0% of the supply set aside to the team and a high circulating supply/low emissions right from the start. Nakamoto Crypto reviewed the project one month ago.
(Sources: https://www.snek.com/)
How Will Snek Trade?
Snek (CRYPTO: SNEKUSD) four-hour 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
SNEK will takeout the November 10 peak
SNEK will drop below the October 21 low
SNEK will stay in a trading range between the October 21 low and the November 10 peak until December 23