Harvest Finance (Uniswap: FARMUSDC) 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, FARM began a red wave one advance on December 31, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 12 this year and the red wave two (blue sub-waves a-b-c) correction ended on February 15. If this wave count is correct, FARM should be heading next towards the February 12 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe FARM is currently in the red wave three (blue sub-wave iii). The red wave one began on September 24, 2020 and the red wave two correction ended on December 31, 2020.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Harvest automatically farms the highest yields in DeFi. Bankless interviewed the pseudo-anonymous community member Redemption two months ago.
(Sources: https://harvest.finance/)How Will Harvest Finance Trade?
Harvest Finance (Uniswap: FARMUSDC) 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.
FARM will takeout the February 12, 2021 peak
FARM will drop below the December 31, 2020 low
FARM will stay in a trading range between the December 31, 2020 low and the February 12, 2021 peak until March 27