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Crypto Contest March 8: Virtua

maarnio - 2024-03-08 13:20:51

Virtua (Uniswap: TVKUSD) has broken out of the triangle pattern in the weekly chart.
https://i.postimg.cc/8Pg1MZJG/Nimet-n.png
(Chart courtesy of Tradingview.com(log scale))


Elliott Wave Analysis


In Elliott Wave terms, TVK began a red wave one advance in December 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March 2021 and the red wave two (blue sub-waves a-b-c) correction ended in September 2023. If this wave count is correct, TVK should be heading next towards the March 2021 peak in the red wave three.
https://i.postimg.cc/kMTrw957/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))


Funnymentals


Virtua has been rebranded as Vanar and the ticker has been updated from TVK to VANRY with a 1:1 swap ratio. Find more details in their announcement here.
https://i.postimg.cc/YqdPNxb0/nimet-n4.png
(Sources: https://virtua.com/)


How Will Virtua Trade?


Virtua (Uniswap: TVKUSD) weekly chart by Tradingview.
https://i.postimg.cc/nzQ9FZh7/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


TVK will takeout the March 2021 peak


TVK will drop below the December 2020 low


TVK will stay in a trading range between the December 2020 low and the March 2021 peak until April 13