Thetanuts Finance (Uniswap: NUTSUSD) 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, NUTS 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 27. If this wave count is correct, NUTS should be heading next towards the May 26 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Thetanuts Finance is a decentralized on-chain options protocol — with altcoins, LRTs, and LSTs as underlying assets. STOCK INVESTOR reviewed the project two weeks ago.
(Sources: https://www.thetanuts.finance/)
How Will Thetanuts Finance Trade?
Thetanuts Finance (Uniswap: NUTSUSD) four-hour 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
NUTS will takeout the May 26 peak
NUTS will drop below the May 23 low
NUTS will stay in a trading range between the May 23 low and the May 26 peak until July 8