KYVE Network (Gate.io: KYVEUSDT) 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, KYVE began a red wave one advance on November 5, 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 27 this year and the red wave two (blue sub-waves a-b-c) correction ended on May 27. If this wave count is correct, KYVE should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
KYVE Network is revolutionizing customized access to on- and off-chain data by providing fast and easy tooling for decentralized data validation, immutability, and retrieval. You can find their tokenomics below.
(Sources: https://app.kyve.network/)
How Will KYVE Network Trade?
KYVE Network (Gate.io: KYVEUSDT) 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
KYVE will takeout the January 2024 peak
KYVE will drop below the November 2023 low
KYVE will stay in a trading range between the November 2023 low and the January 2024 peak until July 3
Posted Using InLeo Alpha