Unification (Poloniex: FUNDUSD) 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, FUND began a red wave one advance on April 26. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 11 and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, FUND should be heading next towards the May 11 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe FUND is currently in the red wave three (blue sub-wave iii). The red wave one began on January 21 and the red wave two correction ended on April 26.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Unification is a hybrid blockchain that allows deployment of WRKChains. DOMSCRYPTO reviewed the project last year.
(Sources: https://unification.com/)How Will Unification Trade?
Unification (Poloniex: FUNDUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
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.
FUND will takeout the May 11 peak
FUND will drop below the April 26 low
FUND will stay in a trading range between the April 26 low and the May 11 peak until August 1