Crypto Contest December 22: NKN

Crypto Contest December 22: NKN

---

NKN (Binance: NKNUSD) 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, NKN began a wave one advance on October 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 14, and the red wave two (blue sub-waves a-b-c) correction ended on December 18. If this wave count is correct, NKN should be heading next towards the October 14 peak in the red wave three.

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

Funnymentals

NKN is a "new kind" of network infra for decentralized Internet. You can watch their December AMA below.

(Sources: https://www.nkn.org/)

How Will NKN Trade?

NKN (Binance: NKNUSD) 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.

---

• NKN will takeout the October 14 peak

---

• NKN will drop below the October 11 low

---

• NKN will stay in a trading range between the October 11 low and the October 14 peak until January 27

---

Answer the question at dpoll.xyz.