Crypto Contest January 11: Oraichain

Oraichain (Uniswap: ORAIWETH) has broken out of the triangle pattern in the monthly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, ORAI began a red wave one advance in October 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in February 2021 and the red wave two (blue sub-waves a-b-c) correction ended in December 2022. If this wave count is correct, ORAI should be heading next towards the February 2021 peak in the red wave three.

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

Funnymentals

Oraichain is AI Layer 1 for Data Economy & Oracle Services. Crypto Explainer reviewed the project two months ago.

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

How Will Oraichain Trade?

Oraichain (Uniswap: ORAIWETH) weekly 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.

ORAI will takeout the March peak

ORAI will drop below the December low

ORAI will stay in a trading range between the December low and the March peak until February 17