Crypto Contest January 9: Electra Protocol

in #fbcrypto6 months ago

Electra Protocol (MEXC: XEPUSDT) 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, XEP began a red wave one advance on September 23. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 24 and the red wave two (blue sub-waves a-b-c) correction ended on December 20. If this wave count is correct, XEP should be heading next towards the November 24 peak in the red wave three.

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

Funnymentals

Electra Protocol is a secure, decentralized, open-source, community driven cryptocurrency project that is lightning fast at near zero fee. You can listen their latest X space here.

(Sources: https://www.electraprotocol.com/)

How Will Electra Protocol Trade?

Electra Protocol (MEXC: XEPUSDT) 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

XEP will takeout the November 24 peak

XEP will drop below the September 23 low

XEP will stay in a trading range between the September 23 low and the November 24 peak until February 14

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XEP will stay in a trading range between the September 23 low and the November 24 peak until February 14

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XEP will takeout the November 24 peak

XEP will takeout the November 24 peak

XEP will drop below the September 23 low

XEP will stay in a trading range between the September 23 low and the November 24 peak until February 14

XEP will takeout the November 24 peak

XEP will drop below the September 23 low

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XEP will stay in a trading range between the September 23 low and the November 24 peak until February 14

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