Theta Fuel (Binance: TFUELUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, TFUEL began a red wave one advance on March 13. The red wave one finished on April 7, and the red wave two correction ended on April 16. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 24, and the red wave four (blue sub-waves a-b-c) correction ended on June 11. If this wave count is correct, TFUEL should be heading next towards the May 24 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Theta Fuel is the second token (gas token) of the Theta Network. You can read their latest bi-weekly update here.
(Sources: https://www.thetatoken.org/)
How Will TFUEL Trade?
Theta Fuel (Binance: TFUELUSDT) daily 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.
TFUEL will takeout the May 24 peak
TFUEL will drop below the May 11 low
TFUEL will stay in a trading range between the May 11 low and the May 24 peak until August 17