Crypto Contest January 20: Firo

Firo (Bittrex: FIROUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, FIRO began a red wave one advance in November 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017 and the red wave two (blue sub-waves a-b-c) correction ended in March 2020. If this wave count is correct, FIRO should be heading next towards the December 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Firo, formerly Zcoin, has been the "gold standard" of trustless, on-chain privacy since 2016. They are currently under 51% attack.

(Sources: https://firo.org/)

How Will Firo Trade?

Firo (Bittrex: FIROUSD) weekly 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.

FIRO will takeout the June 2019 peak

FIRO will drop below the January 2021 low

FIRO will stay in a trading range between the January 2021 low and the June 2019 peak until February 26