Solar (KuCoin: SXPUSDT) 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, SXP began a red wave one advance in March 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in April 2021 and the red wave two (blue sub-waves a-b-c) correction ended on August 5 this year. If this wave count is correct, SXP should be heading next towards the April 2021 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Solar is a decentralised and energy-efficient delegated proof-of-stake (DPoS) blockchain network powered by SXP. You can watch their intro video below.
(Sources: https://solar.org/)
How Will Solar Trade?
Solar (KuCoin: SXPUSDT) 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
SXP will takeout the March 13 peak
SXP will drop below the August 5 low
SXP will stay in a trading range between the August 5 low and the March 13 peak until December 21
Posted Using InLeo Alpha
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