Burn (PancakeSwap: BURNUSD) 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, BURN began a red wave one advance on June 21. The red wave one peaked on June 23 and the red wave two correction ended on July 19. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on August 9 and the red wave four (blue sub-waves a-b-c) correction ended on September 16. If this wave count is correct, BURN should be heading next towards the August 9 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Burn has total supply 21,000,000. Buy and sell tax 3%, dividend 2%, burning 1%, hold 10,000 tokens to participate in the dividend.
(Sources: https://www.burn.foundation/)
How Will Burn Trade?
Burn (PancakeSwap: BURNUSD) 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
BURN will takeout the August 9 peak
BURN will drop below the July 19 low
BURN will stay in a trading range between the July 19 low and the August 9 peak until October 25
Posted Using InLeo Alpha
)