Linear (FTX: LINAUSD) 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, LINA began a red wave one advance on February 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 12 and the red wave two (blue sub-waves a-b-c) correction ended on February 19. If this wave count is correct, LINA should be heading next towards the February 12 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Linear is a cross-chain compatible, decentralized delta-one asset protocol | create, manage, and trade exposures seamlessly and instantly with unlimited liquidity. Blocks of Finance covered the platform four days ago.
(Sources: https://linear.finance/)How Will Linear Trade?
Linear (FTX: LINAUSD) four-hour 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.
LINA will takeout the February 12 peak
LINA will drop below the February 6 low
LINA will stay in a trading range between the February 6 low and the February 12 peak until March 29