Chainflip (Bybit: FLIPUSDT) 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, FLIP began a red wave one advance on November 27. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 4 and the red wave two (blue sub-waves a-b-c) correction ended on December 8. If this wave count is correct, FLIP should be heading next towards the December 4 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Chainflip is a cross-chain AMM enabling native asset swaps without wrapped tokens or specialised wallets. Crypto Lush reviewed the project three months ago.
(Sources: https://chainflip.io/)
How Will Chainflip Trade?
Chainflip (Bybit: FLIPUSDT) 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
FLIP will takeout the December 4 peak
FLIP will drop below the November 27 low
FLIP will stay in a trading range between the November 27 low and the December 4 peak until January 14, 2024