Venus (Binance: XVSUSDT) 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, XVS began a red wave one advance in October 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in May 2021 and the red wave two (blue sub-waves a-b-c) correction ended in June this year. If this wave count is correct, XVS should be heading next towards the May 2021 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Venus lets you earn, borrow & lend on the "#1 Decentralized Money Market" on the BNB Chain. You can watch their intro video below.
(Sources: https://venus.io/)
How Will Venus Trade?
Venus (Binance: XVSUSDT) weekly 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
XVS will takeout the April peak
XVS will drop below the June low
XVS will stay in a trading range between the June low and the April peak until December 24
Posted Using InLeo Alpha