Strike (Bittrex: STRKBTC) 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, STRK began a red wave one advance on April 11. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 12 and the red wave two (blue sub-waves a-b-c) correction ended on April 20. If this wave count is correct, STRK should be heading next towards the April 12 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Strike is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several markets supported by the platform. You can read their whitepaper here.
(Sources: https://strike.org/)
How Will Strike Trade?
Strike (Bittrex: STRKBTC) four-hour 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.
STRK will takeout the April 12 peak
STRK will drop below the April 11 low
STRK will stay in a trading range between the April 11 low and the April 12 peak until May 28