Lootex (Huobi: LOOTUSDT) 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, LOOT began a red wave one advance on January 24. The red wave one peaked on January 24 and the red wave two (blue sub-waves a-b-c) correction ended on March 8. If this wave count is correct, LOOT should be heading next towards the January 24 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Lootex is a cross-chain game item shop for the Metaverse that aims to provide both efficiency and convenience for its users. You can watch their latest AMA below.
(Sources: https://lootex.io/)
How Will Lootex Trade?
Lootex (Huobi: LOOTUSDT) 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.
LOOT will takeout the January 24 peak
LOOT will drop below the January 24 low
LOOT will stay in a trading range between the January 24 low and the January 24 peak until April 25