Crypto Contest December 10: Spume Protocol

Spume Protocol (Huobi: SPUMEUSDT) 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, SPUME began a red wave one advance on October 24. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 30 and the red wave two (blue sub-waves a-b-c) correction ended on November 14. If this wave count is correct, SPUME should be heading next towards the October 30 peak in the red wave three.

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

Funnymentals

The Spume Protocol is an end-to-end transactional layer that facilitates payment infrastructure for physical and digital non-fungible token assets on the Ethereum blockchain. You can watch their intro video below.

(Sources: https://spume.io/)

How Will Spume Protocol Trade?

Spume Protocol (Huobi: SPUMEUSDT) daily 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.

SPUME will takeout the October 30 peak

SPUME will drop below the October 24 low

SPUME will stay in a trading range between the October 24 low and the October 30 peak until January 16