Umee (Gate.io: UMEEUSDT) 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, UMEE began a red wave one advance on September 26. The red wave one peaked on September 26 and the red wave two correction ended on September 30. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on October 4 and the red wave four (blue sub-waves a-b-c) correction ended on October 14. If this wave count is correct, UMEE should be heading next towards the October 4 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Umee is a layer-one blockchain built on Cosmos designed to create a universal cross-chain DeFi hub. You can watch their latest presentation below.
(Sources: https://umee.cc/)
How Will Umee Trade?
Umee (Gate.io: UMEEUSDT) 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.
UMEE will takeout the October 4 peak
UMEE will drop below the September 26 low
UMEE will stay in a trading range between the September 26 low and the October 4 peak until November 22