Crypto Contest February 11: Waves

Crypto Contest February 11: Waves

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Waves (Bittrex: WAVESUSD) 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, WAVES began a wave one advance in August 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 December 2019. If this wave count is correct, WAVES should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Waves is an open platform for Web 3.0 applications and custom decentralized solutions. You can watch their December 2019 presentation below.

(Sources: https://wavesplatform.com/)

How Will Waves Trade?

Waves (Bittrex: WAVESUSD) 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.

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• WAVES will takeout the May 2019 peak

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• WAVES will drop below the December 2019 low

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• WAVES will stay in a trading range between the December 2019 low and the May 2019 peak until March 17

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Answer the question at dpoll.xyz.