FOREST (Raydium: FORESTUSD) 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, FOREST began a red wave one advance on November 3. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 15 and the red wave two (blue sub-waves a-b-c) correction ended on November 23. If this wave count is correct, FOREST should be heading next towards the November 15 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
FOREST is mycelial interface bridging forest and primate. Taiki Maeda reviewed the project two weeks ago.
https://youtu.be/gDP4linujQc?si=mACil5VTYQxJuksU
(Sources: https://www.sansforest.com/)
How Will FOREST Trade?
FOREST (Raydium: FORESTUSD) 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
FOREST will takeout the November 15 peak
FOREST will drop below the November 3 low
FOREST will stay in a trading range between the November 3 low and the November 15 peak until January 4