SKALE Network (Binance: SKLUSDT) 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, SKL began a red wave one advance on July 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 11 and the red wave two (blue sub-waves a-b-c) correction ended on August 29. If this wave count is correct, SKL should be heading next towards the August 11 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
SKALE Network is an Ethereum native, modular blockchain network with zero gas fees for over 20+ interconnected SKALE chains. Tyler McMurray reviewed the project last month.
(Sources: https://skale.network/)
How Will SKALE Network Trade?
SKALE Network (Binance: SKLUSDT) 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.
SKL will takeout the August 11 peak
SKL will drop below the July 13 low
SKL will stay in a trading range between the July 13 low and the August 11 peak until October 11
