Crypto Contest February 26: NAVI Protocol

NAVI Protocol (Poloniex: NAVXUSDT) 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, NAVX began a red wave one advance on February 8. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 11 and the red wave two (blue sub-waves a-b-c) correction ended on February 23. If this wave count is correct, NAVX should be heading next towards the February 11 peak in the red wave three.

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

Funnymentals

NAVI is a one-stop liquidity protocol on Sui. STOCK INVESTOR reviewed the project two weeks ago.

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

How Will NAVI Protocol Trade?

NAVI Protocol (Poloniex: NAVXUSDT) 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

NAVX will takeout the February 11 peak

NAVX will drop below the February 8 low

NAVX will stay in a trading range between the February 8 low and the February 11 peak until April 2