Dymension (CRYPTO: DYMUSD) 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, DYM began a red wave one advance on February 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 14 and the red wave two (blue sub-waves a-b-c) correction ended on February 28. If this wave count is correct, DYM should be heading next towards the February 14 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Dymension is a home for easily deployable and lightning fast app-chains, called RollApps. Dynamo DeFi reviewed the project three weeks ago.
(Sources: https://dymension.xyz/)
How Will Dymension Trade?
Dymension (CRYPTO: DYMUSD) 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
DYM will takeout the February 14 peak
DYM will drop below the February 6 low
DYM will stay in a trading range between the February 6 low and the February 14 peak until April 12
Posted Using InLeo Alpha