Marinade (Coinbase: MNDEUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, MNDE began a red wave one advance on May 24, 2023. The red wave one peaked on June 4, 2023 and the red wave two correction ended on August 22, 2023. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on December 8, 2023 and the red wave four (blue sub-waves a-b-c) correction ended on January 23 this year. If this wave count is correct, MNDE should be heading next towards the December 8, 2023 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Marinade is a stake automation platform that monitors all Solana validators and delegates to 100+ best-performing ones. Crypto Bellwether reviewed the project three months ago.
(Sources: https://marinade.finance/)
How Will Marinade Trade?
Marinade (Coinbase: MNDEUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
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
MNDE will takeout the December 8 peak
MNDE will drop below the November 13 low
MNDE will stay in a trading range between the November 13 low and the December 8 peak until May 11
Posted Using InLeo Alpha
