BASIC (Bithumb: BASICKRW) 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, BASIC began a red wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 17, and the red wave two (blue sub-waves a-b-c) correction ended on May 21. If this wave count is correct, BASIC should be heading next towards the May 17 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
With BASIC you can earn, borrow & pay with crypto. You can read their latest monthly report here.
(Sources: https://basic.finance/home)
How Will BASIC Trade?
BASIC (Bithumb: BASICKRW) 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.
BASIC will takeout the May 17 peak
BASIC will drop below the May 14 low
BASIC will stay in a trading range between the May 14 low and the May 17 peak until July 11