Crypto Contest January 7: pNetwork

pNetwork (Binance: PNTUSDT) 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, PNT began a red wave one (leading diagonal) advance on November 5, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 4, 2020 and the red wave two (blue sub-waves a-b-c) correction ended on January 5 this year. If this wave count is correct, PNT should be heading next towards the December 4, 2020 peak in the red wave three.

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

Funnymentals

pTokens are a tool enabling cross-chain composability. It is an essential component enabling DeFi DApps to be compatible with any crypto asset. You can watch their latest community call below.

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

How Will pTokens Trade?

pNetwork (Binance: PNTUSDT) 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.

PNT will takeout the December 4, 2020 peak

PNT will drop below the November 5, 2020 low

PNT will stay in a trading range between the November 5, 2020 low and the December 4, 2020 peak until February 13