RAMP (Binance: RAMPUSDT) 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, RAMP began a red wave one advance on May 23. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 26 and the red wave two (blue sub-waves a-b-c) correction ended on May 30. If this wave count is correct, RAMP should be heading next towards the May 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the line chart, I believe RAMP is currently in the red wave three. The red wave one began in October 2020 and the red wave two correction ended on May 23 this year.
(Chart courtesy of CoinMarketCap.com)
Funnymentals
RAMP allows you to earn auto-compounded high yields. Mint collateralized stablecoin against these assets at the same time to get extra liquidity. CryptoOneStop reviewed the protocol three days ago.
(Sources: https://rampdefi.com/)How Will RAMP Trade?
RAMP (Binance: RAMPUSDT) 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.
RAMP will takeout the May 26 peak
RAMP will drop below the May 23 low
RAMP will stay in a trading range between the May 23 low and the May 26 peak until July 11