bZx Protocol (Binance: BZRXUSD) 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, BZRX began a red wave one advance on October 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 10, and the red wave two (blue sub-waves a-b-c) correction ended on October 17. If this wave count is correct, BZRX should be heading next towards the October 10 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
bZx is a decentralized protocol that enables lending and borrowing for margin trading. You can watch their latest community call below.
(Sources: https://bzx.network/)
How Will bZx Protocol Trade?
bZx Protocol (Binance: BZRXUSD) four-hour 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.
BZRX will takeout the October 10 peak
BZRX will drop below the October 8 low
BZRX will stay in a trading range between the October 8 low and the October 10 peak until November 24