Silo Finance (Balancer: SILOUSD) 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, SILO began a red wave one advance on March 10. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 27 and the red wave two (blue sub-waves a-b-c) correction ended on June 19. If this wave count is correct, SILO should be heading next towards the April 27 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Silo brings isolated lending markets to all token assets in the same way Uniswap brought liquidity pools to thousands of tokens. You can listen their latest community call below.
(Sources: https://www.silo.finance/)
How Will Silo Finance Trade?
Silo Finance (Balancer: SILOUSD) daily 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
SILO will takeout the April 27 peak
SILO will drop below the March 10 low
SILO will stay in a trading range between the March 10 low and the April 27 peak until August 16