Hifi Finance (Binance: MFTUSDT) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, MFT began a red wave one advance in March 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March 2021 and the red wave two (blue sub-waves a-b-c) correction ended in June this year. If this wave count is correct, MFT should be heading next towards the March 2021 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Hifi (formerly Mainframe) is a lending protocol that allows anyone to borrow against their crypto. You can read their latest roadmap recap here.
(Sources: https://hifi.finance/)
How Will Hifi Finance Trade?
Hifi Finance (Binance: MFTUSDT) weekly 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.
MFT will takeout the October 2021 peak
MFT will drop below the June 2022 low
MFT will stay in a trading range between the June 2022 low and the October 2021 peak until October 21