Lightning (PancakeSwap: LIGHTUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, LIGHT began a red wave one advance on October 3. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 13 and the red wave two (blue sub-waves a-b-c) correction ended on October 14. If this wave count is correct, LIGHT should be heading next towards the October 13 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Zooming out in the line chart, I believe LIGHT is currently in the red wave three (blue sub-wave iii). The red wave one began in March and the red wave two correction ended in August.
(Chart courtesy of CoinMarketCap.com)
Funnymentals
Lightning is a cross-chain incubator & launchpad built on Binance Smart Chain and consists of two components: The Lightning Incubator and The Lightning Launchpad. Shark Gains reviewed the project two weeks ago.
(Sources: https://lightningprotocol.finance/)
How Will Lightning Trade?
Lightning (PancakeSwap: LIGHTUSD) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com)
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.
LIGHT will takeout the October 13 peak
LIGHT will drop below the October 3 low
LIGHT will stay in a trading range between the October 3 low and the October 13 peak until November 24