Eigenpie (PancakeSwap: EGPUSD) 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, EGP began a red wave one advance on September 25. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on September 27 and the red wave two (blue sub-waves a-b-c) correction ended on September 29. If this wave count is correct, EGP should be heading next towards the September 27 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Eigenpie is an innovative SubDAO created by Magpie, focusing on the restaking of ETH LSTs via EigenLayer. STOCK INVESTOR reviewed the project one week ago.
(Sources: https://www.eigenlayer.magpiexyz.io/)
How Will Eigenpie Trade?
Eigenpie (PancakeSwap: EGPUSD) 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
EGP will takeout the September 27 peak
EGP will drop below the September 25 low
EGP will stay in a trading range between the September 25 low and the September 27 peak until November 5