Saito (Gate.io: SAITOUSDT) 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, SAITO began a red wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 1 and the red wave two (blue sub-waves a-b-c) correction ended on September 21. If this wave count is correct, SAITO should be heading next towards the August 1 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Zooming out in the weekly chart, I believe SAITO is currently in the red wave three. The red wave one ended in January and the red wave two correction finished in July.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Saito started back in 2017, when the founders realized that Proof of Work and Proof of Stake can pay for network security, but cannot for anything else that networks need to scale. Seany Bitcoins interviewed the co-founder two days ago.
(Sources: https://saito.tech/)
How Will Saito Trade?
Saito (Gate.io: SAITOUSDT) 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.
SAITO will takeout the August 1 peak
SAITO will drop below the July 16 low
SAITO will stay in a trading range between the July 16 low and the August 1 peak until November 14