Crypto Contest January 2: Bonfida

Bonfida (FTX: FIDAUSD) 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, FIDA began a red wave one advance on December 22, 2020. The red wave one finished on December 22, 2020 and the red wave two (blue sub-waves a-b-c) correction ended on December 31. If this wave count is correct, FIDA should be heading next towards the December 22, 2020 peak in the red wave three.

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

Funnymentals

Bonfida bridges the gap between Serum, Solana, and the user. The Serumist made an intro video last month.

(Sources: https://bonfida.com/)

How Will Bonfida Trade?

Bonfida (FTX: FIDAUSD) 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.

FIDA will takeout the December 22, 2020 peak

FIDA will drop below the December 22, 2020 low

FIDA will stay in a trading range between the December 22, 2020 low and the December 22, 2020 peak until February 8