Alchemix (Binance: ALCXUSDT) 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, ALCX began a red wave one advance on September 11. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on September 17 and the red wave two (blue sub-waves a-b-c) correction ended on September 23. If this wave count is correct, ALCX should be heading next towards the September 17 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Alchemix self-repaying loans allow you to leverage a range of tokens without risk of liquidation. Token Terminal interviewed Scoopy Trooples, Co-Founder of Alchemix, four months ago.
(Sources: https://alchemix.fi/)
How Will Alchemix Trade?
Alchemix (Binance: ALCXUSDT) 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
ALCX will takeout the September 17 peak
ALCX will drop below the September 11 low
ALCX will stay in a trading range between the September 11 low and the September 17 peak until October 30