INSTAR (Bittrex: INSTARUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, INSTAR began a red wave one advance in May 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in September 2022 and the red wave two (blue sub-waves a-b-c) correction ended in December 2022. If this wave count is correct, INSTAR should be heading next towards the September 2022 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
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(Sources: https://instars.com)
How Will INSTAR Trade?
INSTAR (Bittrex: INSTARUSD) weekly 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.
INSTAR will takeout the September 2022 peak
INSTAR will drop below the May 2022 low
INSTAR will stay in a trading range between the May 2022 low and the September 2022 peak until March 4