Shentu (CRYPTO: CTKUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, CTK began a red wave one advance in October 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in April 2021 and the red wave two (blue sub-waves a-b-c) correction ended in October 2023. If this wave count is correct, CTK should be heading next towards the April 2021 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Shentu Chain is a security-first, delegated proof-of-stake blockchain, for trustworthy execution of mission-critical applications, including DeFi, NFTs, and autonomous vehicles. The Staking Geek reviewed the project five months ago.
(Sources: https://www.shentu.technology/)
How Will Shentu Trade?
Shentu (CRYPTO: CTKUSD) 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
CTK will takeout the May 29 peak
CTK will drop below the May 24 low
CTK will stay in a trading range between the May 24 low and the May 29 peak until July 5