Crypto Contest February 24: Jupiter

Jupiter (Binance: JUPUSDT) 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, JUP began a red wave one advance on January 31. The red wave one peaked on January 31 and the red wave two (blue sub-waves a-b-c) correction ended on February 12. If this wave count is correct, JUP should be heading next towards the January 31 peak in the red wave three.

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

Funnymentals

Jupiter is the "ultimate" CEX replacement on Solana. Crypto With James reviewed the project two weeks ago.

(Sources: https://station.jup.ag/)

How Will Jupiter Trade?

Jupiter (Binance: JUPUSDT) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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

JUP will takeout the January 31 peak

JUP will drop below the January 31 low

JUP will stay in a trading range between the January 31 low and the January 31 peak until March 31