Areon Network (Bitget: AREAUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, AREA began a red wave one advance on February 10. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 13 and the red wave two (blue sub-waves a-b-c) correction ended on April 13. If this wave count is correct, AREA should be heading next towards the March 13 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Areon Network is a next-generation layer 1 blockchain with a unique consensus mechanism: Proof of Area. BTDcrypto reviewed the project three weeks ago.
(Sources: https://areon.network/)
How Will Areon Network Trade?
Areon Network (Bitget: AREAUSDT) 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
AREA will takeout the March 13 peak
AREA will drop below the February 10 low
AREA will stay in a trading range between the February 10 low and the March 13 peak until June 6
Posted Using InLeo Alpha
