Crypto Contest December 8: Blocery

Blocery (Poloniex: BLYUSDT) 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, BLY began a red wave one advance on September 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 19 and the red wave two (blue sub-waves a-b-c) correction ended on November 30. If this wave count is correct, BLY should be heading next towards the November 19 peak in the red wave three.

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

Funnymentals

Blocery, a blockchain-based trusted food supply chain ecosystem, records immutable data onto the blockchain such as the production, distribution, and sales history of agricultural products. You can read their token allocation here.

(Sources: http://blocery.io/)

How Will Blocery Trade?

Blocery (Poloniex: BLYUSDT) daily 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.

BLY will takeout the November 19 peak

BLY will drop below the October 28 low

BLY will stay in a trading range between the October 28 low and the November 19 peak until January 14, 2021