Tap Protocol (KuCoin: TAPUSDT) 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, TAP began a red wave one advance on October 23. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 2 and the red wave two (blue sub-waves a-b-c) correction ended on November 25. If this wave count is correct, TAP should be heading next towards the November 2 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Tap Protocol is the home of Defi & dApps on L1 Bitcoin. You can find their intro video below.
(Sources: https://www.tap-protocol.com/)
How Will Tap Protocol Trade?
Tap Protocol (KuCoin: TAPUSDT) 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
TAP will takeout the November 2 peak
TAP will drop below the October 23 low
TAP will stay in a trading range between the October 23 low and the November 2 peak until January 20
Posted Using InLeo Alpha
)
