Resistance Dog (CoinEx: REDOUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, REDO began a red wave one advance on August 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 9 and the red wave two (blue sub-waves a-b-c) correction ended on August 25. If this wave count is correct, REDO should be heading next towards the August 9 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Resistance Dog is hand drawn by Ton and Telegram founder Pavel Durov to represent digital resistance against Russian internet censorship. Classy Crypto reviewed the project two months ago.
https://youtu.be/MWwm9rR3oIo?si=rT7OCOhvxDhuJtJC
(Sources: https://www.redoton.com/)
How Will Resistance Dog Trade?
Resistance Dog (CoinEx: REDOUSDT) four-hour 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
REDO will takeout the August 9 peak
REDO will drop below the August 5 low
REDO will stay in a trading range between the August 5 low and the August 9 peak until September 30
295.125 SRY