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Crypto Contest February 25: Radix

maarnio - 2024-02-25 14:06:18

Radix (Bitfinex: XRDUSD) has broken out of the triangle pattern in the weekly chart.
https://i.postimg.cc/sx5LN7Nf/Nimet-n.png
(Chart courtesy of Tradingview.com(log scale))


Elliott Wave Analysis


In Elliott Wave terms, XRD began a red wave one advance in March 2023. The red wave one peaked in April 2023 and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, XRD should be heading next towards the April 2023 peak in the red wave three.
https://i.postimg.cc/0y9pmDGG/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))


Funnymentals


Radix is a layer 1 smart contract platform built to create a Web3 future for everyone. Crypto Lush reviewed the project one week ago.



(Sources: https://www.radixdlt.com/)


How Will Radix Trade?


Radix (Bitfinex: XRDUSD) daily chart by Tradingview.
https://i.postimg.cc/FsWXM5r2/nimet-n3.png
(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


XRD will takeout the November 23 peak


XRD will drop below the February 6 low


XRD will stay in a trading range between the February 6 low and the November 23 peak until April 1