Uniswap (Binance: UNIUSDT) 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, UNI began a red wave one advance on September 17. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 18, and the red wave two (blue sub-waves a-b-c) correction ended on September 22. If this wave count is correct, UNI should be heading next towards the September 18 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Uniswap is a protocol for exchanging ERC-20 tokens on Ethereum. Finematics explained the protocol three days ago.
(Sources: https://uniswap.org/blog/uni/)How Will Uniswap Trade?
Uniswap (Binance: UNIUSDT) 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.
UNI will takeout the September 18 peak
UNI will drop below the September 17 low
UNI will stay in a trading range between the September 17 low and the September 18 peak until October 30