Crypto Contest December 10: SKALE Network

SKALE Network (Binance: SKLUSDT) 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, SKL began a red wave one advance on December 2. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 4 and the red wave two (blue sub-waves a-b-c) correction ended on December 8. If this wave count is correct, SKL should be heading next towards the December 4 peak in the red wave three.

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

Funnymentals

SKALE Network is an elastic network for Ethereum scaling. CryptoWise reviewed the project one week ago.

(Sources: https://skale.network/)

How Will SKALE Network Trade?

SKALE Network (Binance: SKLUSDT) four-hour 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 and comment below.

SKL will takeout the December 4 peak

SKL will drop below the December 2 low

SKL will stay in a trading range between the December 2 low and the December 4 peak until January 16, 2021