Serum (Binance: SRMUSDT) 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, SRM began a red wave one advance on August 22. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on September 6. If this wave count is correct, SRM should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Serum is a decentralized derivatives exchange with trustless cross-chain trading. You can watch their intro video below.
(Sources: https://projectserum.com/)How Will Serum Trade?
Serum (Binance: SRMUSDT) 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.
SRM will takeout the September 1 peak
SRM will drop below the August 22 low
SRM will stay in a trading range between the August 22 low and the September 1 peak until October 16