Crypto Contest February 7: Stellar

Crypto Contest February 7: Stellar

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Stellar (Poloniex: STRUSDT) has broken out of the triangle pattern in the monthly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, STR began a wave one advance in February 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2019. If this wave count is correct, STR should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Stellar is an open network for storing and moving money. Coin Bureau compared Stellar against Ripple two months ago.

(Sources: https://www.stellar.org/)

How Will Stellar Trade?

Stellar (Poloniex: STRUSDT) 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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• STR will takeout the November 2019 peak

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• STR will drop below the December 2019 low

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• STR will stay in a trading range between the December 2019 low and the November 2019 peak until March 13

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Answer the question at dpoll.xyz.