Compound (Poloniex: COMPUSDT) 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, COMP began a red wave one advance on June 17. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 21, and the red wave two (blue sub-waves a-b-c) correction ended on July 4. If this wave count is correct, COMP should be heading next towards the June 21 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. Boxmining reviewed the project two weeks ago.
(Sources: https://compound.finance/)How Will Compound Trade?
Compound (Poloniex: COMPUSDT) four-hour 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.
COMP will takeout the June 21 peak
COMP will drop below the June 17 low
COMP will stay in a trading range between the June 17 low and the June 21 peak until August 12