Solchat (Raydium: CHATUSD) 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, CHAT began a red wave one advance on February 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 17 and the red wave two (blue sub-waves a-b-c) correction ended on August 5. If this wave count is correct, CHAT should be heading next towards the March 17 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Solchat is a communication protocol on the Solana blockchain, offering text, voice, and video calls similar to Web2, but in a Web3 environment. Altcoin Rover reviewed the project three months ago.
(Sources: https://www.solchat.io/)
How Will Solchat Trade?
Solchat (Raydium: CHATUSD) 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
CHAT will takeout the August 24 peak
CHAT will drop below the August 5 low
CHAT will stay in a trading range between the August 5 low and the August 24 peak until October 19
Posted Using InLeo Alpha
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