Marlin (Uniswap: PONDUSDC) 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, POND began a red wave one advance on January 4. The red wave one peaked on January 5 and the red wave two correction ended on January 9. The red wave three (blue sub-waves iii) finished on January 24. If this wave count is correct, POND should be heading next towards the January 24 peak in the red wave three (blue sub-wave v).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Marlin is a high-performance layer 0 infrastructure for "modern", decentralized networks. Prateek Reddy Yammanuru gave a presentation at Korea Blockchain Week last month.
(Sources: https://www.marlin.pro/)How Will Marlin Trade?
Marlin (Uniswap: PONDUSDC) 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.
POND will takeout the January 24 peak
POND will drop below the January 4 low
POND will stay in a trading range between the January 4 low and the January 24 peak until March 7