Akash Network (Kraken: AKTUSD) 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, AKT began a red wave one advance on February 24. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 3 and the red wave two (blue sub-waves a-b-c) correction ended on March 14. If this wave count is correct, AKT should be heading next towards the March 3 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Akash Network is a decentralized peer-to-peer marketplace for cloud compute. The Babylonians reviewed the project last month.
(Sources: https://akash.network/)
How Will Akash Network Trade?
Akash Network (Kraken: AKTUSD) 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.
AKT will takeout the March 3 peak
AKT will drop below the February 24 low
AKT will stay in a trading range between the February 24 low and the March 3 peak until April 21