Crypto Contest April 3: Bifrost (BNC)

Bifrost (KuCoin: BNCUSDT) 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, BNC began a red wave one advance on March 31. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 31 and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, BNC should be heading next towards the March 31 peak in the red wave three.

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

Funnymentals

Bifrost (BNC) is a Polkadot-based parachain designed to provide liquidity and staking without nominating delays. Eugene SmartCrypto reviewed the project last year.

(Sources: https://bifrost.finance/)

How Will Bifrost Trade?

Bifrost (KuCoin: BNCUSDT) 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.

BNC will takeout the March 31 peak

BNC will drop below the March 31 low

BNC will stay in a trading range between the March 31 low and the March 31 peak until May 11