Crypto Contest November 17: Rio DeFi

Rio DeFi (OKEx: RFUELUSDT) 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, RFUEL began a red wave one advance on November 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 7 and the red wave two (blue sub-waves a-b-c) correction ended on November 16. If this wave count is correct, RFUEL should be heading next towards the November 7 peak in the red wave three.

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

Funnymentals

RioDeFi bridges centralized and decentralized financial systems and can facilitate cross-chain transactions. You can watch their latest weekly update below.

(Sources: https://riochain.io/)

How Will Rio DeFi Trade?

Rio DeFi (OKEx: RFUELUSDT) 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.

RFUEL will takeout the November 7 peak

RFUEL will drop below the November 4 low

RFUEL will stay in a trading range between the November 4 low and the November 7 peak until December 24