Crypto Contest January 23: RAMP

RAMP (Uniswap: RAMPWETH) 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, RAMP began a blue wave one advance on January 3. The blue wave three peaked on January 13 and the blue wave four correction ended on January 21. If this wave count is correct, RAMP should be heading next towards the January 13 peak in the blue wave five.

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

Zooming out in the daily chart, I believe RAMP is currently in the red wave three (blue sub-wave v). The red wave one began on October 9, 2020 and the red wave two correction ended on January 3 this year.

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

Funnymentals

RAMP is a liquidity “on-ramp” solution to unlock liquid capital from your staked digital assets. Boxmining interviewed Lawrence from RAMP last year.

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

How Will RAMP Trade?

RAMP (Uniswap: RAMPWETH) 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.

RAMP will takeout the January 13 peak

RAMP will drop below the January 3 low

RAMP will stay in a trading range between the January 3 low and the January 13 peak until March 1