Crypto Contest February 17: Kin

Kin (FTX: KINUSD) 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, KIN began a red wave one advance on January 24. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 1 and the red wave two (blue sub-waves a-b-c) correction ended on February 14. If this wave count is correct, KIN should be heading next towards the February 1 peak in the red wave three.

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

Funnymentals

Kin is a decentralized cryptocurrency purposely designed to integrate easily across mobile and web apps, with a built-in incentive model that rewards developers for increased usage. Kalkine Media reviewed the project one month ago.

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

How Will Kin Trade?

Kin (FTX: KINUSD) 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.

KIN will takeout the February 1 peak

KIN will drop below the January 24 low

KIN will stay in a trading range between the January 24 low and the February 1 peak until March 27