Arweave (Bittrex: ARUSD) 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, AR began a red wave one advance on July 29. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on September 22. If this wave count is correct, AR should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Arweave is a data storage blockchain protocol enabling a permanent serverless web and creating permanent data storage. You can watch their latest Demo Day below.
(Sources:How Will Arweave Trade?
Arweave (Bittrex: ARUSD) daily 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.
AR will takeout the September 1 peak
AR will drop below the July 29 low
AR will stay in a trading range between the July 29 low and the September 1 peak until November 4
