Pencils Protocol (KuCoin: DAPPUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, DAPP began a red wave one advance on November 21. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 25 and the red wave two (blue sub-waves a-b-c) correction ended on December 4. If this wave count is correct, DAPP should be heading next towards the November 25 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Pencils Protocol is the "next-gen" decentralized platform that offers auction services for blockchain native assets and RWAs, along with unified and leveraged yield aggregation services for users to maximize asset utilization. STOCK INVESTOR reviewed the project two months ago.
(Sources: https://pencilsprotocol.io/)
How Will Pencils Protocol Trade?
Pencils Protocol (KuCoin: DAPPUSDT) four-hour 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
DAPP will takeout the November 25 peak
DAPP will drop below the November 21 low
DAPP will stay in a trading range between the November 21 low and the November 25 peak until January 10