Orchid (Coinbase: OXTUSD) 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, OXT began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 9, and the red wave two (blue sub-waves a-b-c) correction ended on May 25. If this wave count is correct, OXT should be heading next towards the May 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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(Sources: https://www.orchid.com/)How Will Orchid Trade?
Orchid (Coinbase: OXTUSD) 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.
OXT will takeout the May 9 peak
OXT will drop below the May 7 low
OXT will stay in a trading range between the May 7 low and the May 9 peak until July 10