Crypto Contest June 23: BiFi
BiFi (KuCoin: BIFIUSDT) 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, BIFI began a red wave one advance on June 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 21 and the red wave two (blue sub-waves a-b-c) correction ended on June 23. If this wave count is correct, BIFI should be heading next towards the June 21 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
BiFi (Bifrost Finance) is a multichain DeFi project powered by Bifrost's multichain technology. CryptoWise reviewed the project late last year.
(Sources: https://bifi.finance/)
How Will BiFi Trade?
BiFi (KuCoin: BIFIUSDT) 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.
BIFI will takeout the June 21 peak
BIFI will drop below the June 19 low
BIFI will stay in a trading range between the June 19 low and the June 21 peak until July 30
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BIFI will drop below the June 19 low
BIFI will drop below the June 19 low
BIFI will stay in a trading range between the June 19 low and the June 21 peak until July 30
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BIFI will stay in a trading range between the June 19 low and the June 21 peak until July 30
BIFI will takeout the June 21 peak
Correct.
Posted Using LeoFinance Beta
BIFI will stay in a trading range between the June 19 low and the June 21 peak until July 30
Posted Using LeoFinance Beta
BIFI will drop below the June 19 low
BIFI will takeout the June 21 peak
Correct. Upvoted your post:
https://hive.blog/hive-167922/@femcy-willcy/there-is-light-at-the-end-of-the-tunnel-bear-market-but-the-tunnel-is-long
Posted Using LeoFinance Beta
Thanks so much really appreciate
You are welcome.
Posted Using LeoFinance Beta
BIFI will takeout the June 21 peak
Correct. Upvoted your post:
https://hive.blog/overthinking/@dellingr/overthinking
Posted Using LeoFinance Beta
BIFI will stay in a trading range between the June 19 low and the June 21 peak until July 30
BIFI will drop below the June 19 low
BIFI will drop below the June 19 low
BIFI will stay in a trading range between the June 19 low and the June 21 peak until July 30
Posted Using LeoFinance Beta
BIFI will takeout the June 21 peak
Correct. Upvoted your post:
https://hive.blog/relax/@lutek/relaxing-songs
Posted Using LeoFinance Beta
BIFI will stay in a trading range between the June 19 low and the June 21 peak until July 30