Avalanche (Binance: AVAXUSD) 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, AVAX began a red wave one advance on September 22. The red wave one finished on the same day, and the red wave two (blue sub-waves a-b-c) correction ended on September 23. If this wave count is correct, AVAX should be heading next towards the September 22 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Avalanche is a highly-scalable, open-source platform for launching decentralized applications. Crypt0 interviewed the CEO three days ago.
(Sources: https://www.avalabs.org/)How Will Avalanche Trade?
Avalanche (Binance: AVAXUSD) 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.
AVAX will takeout the September 22 peak
AVAX will drop below the September 22 low
AVAX will stay in a trading range between the September 22 low and the September 22 peak until October 31