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Crypto Contest July 25: Formation Fi

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Markus Aarnio
@maarnio
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Formation Fi (KuCoin: FORMUSDT) 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, FORM began a red wave one advance on June 25. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 3 and the red wave two (blue sub-waves a-b-c) correction ended on July 20. If this wave count is correct, FORM should be heading next towards the July 3 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

The Risk Parity Protocol from Formation Fi is a cross-chain decentralized asset management system designed to bring maturity and stability to DeFi by allowing users to quickly create highly diversified portfolios tailored to individual risk preferences. The Crypto Lifestyle reviewed the project last month.

(Sources: https://formation.fi/)

How Will Formation Fi Trade?

Formation Fi (KuCoin: FORMUSDT) daily 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.

FORM will takeout the July 3 peak

FORM will drop below the June 25 low

FORM will stay in a trading range between the June 25 low and the July 3 peak until August 31

Posted Using LeoFinance Beta