Crypto Contest December 13: FirmaChain

Crypto Contest December 13: FirmaChain

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FirmaChain (Bithumb: FCTKRW) 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, FCT began a wave one advance on November 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 30, and the red wave two (blue sub-waves a-b-c) correction ended on December 5. If this wave count is correct, FCT should be heading next towards the November 30 peak in the red wave three.

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

Funnymentals

FirmaChain is a blockchain based e-document platform. They will launch the test-net in five days.

(Sources: https://firmachain.org/#/)

How Will FirmaChain Trade?

FirmaChain (Bithumb: FCTKRW) 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.

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• FCT will takeout the November 30 peak

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• FCT will drop below the November 27 low

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• FCT will stay in a trading range between the November 27 low and the November 30 peak until January 18

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Answer the question at dpoll.xyz.