3X Short Midcap Index Token (FTX: MIDBEARUSD) 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, MIDBEAR began a red wave A (blue sub-waves a-b-c) advance on February 15. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on April 2. If this wave count is correct, MIDBEAR should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
3X Short Midcap Index Token (MIDBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Midcap Index.
(Sources: https://ftx.com/tokens/MIDBEAR)
How Will MIDBEAR Trade?
3X Short Midcap Index Token (FTX: MIDBEARUSD) four-hour 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.
MIDBEAR will takeout the March 13 peak
MIDBEAR will drop below the February 15 low
MIDBEAR will stay in a trading range between the February 15 low and the March 13 peak until May 8
MIDBEAR will drop below the February 15 low