Carry (Huobi: CREBTC) 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, CRE began a wave one advance on October 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 1, and the red wave two (blue sub-waves a-b-c) correction ended on November 26. If this wave count is correct, CRE should be heading next towards the November 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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How Will Carry Trade?
Carry (Huobi: CREBTC) 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.
CRE will takeout the November 1 peak
CRE will drop below the October 26 low
CRE will stay in a trading range between the October 26 low and the November 1 peak until January 3
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CRE will stay in a trading range between the October 26 low and the November 1 peak until January 3
(50.0%)
12
/ 24
CRE will takeout the November 1 peak
(25.0%)
6
/ 24
CRE will drop below the October 26 low
(25.0%)
6
/ 24