Crypto Contest March 15: Degen (Base)

Degen (Uniswap: DEGENUSD) 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, DEGEN began a red wave one advance on January 7. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 8 and the red wave two (blue sub-waves a-b-c) correction ended on February 27. If this wave count is correct, DEGEN should be heading next towards the February 8 peak in the red wave three.

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

Funnymentals

Degen has reshaped the Farcaster ecosystem by enabling casters to reward others with DEGEN for posting quality content. You can find their tokenomics below.

(Sources: https://www.degen.tips/)

How Will Degen Trade?

Degen (Uniswap: DEGENUSD) 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

DEGEN will takeout the February 8 peak

DEGEN will drop below the January 7 low

DEGEN will stay in a trading range between the January 7 low and the February 8 peak until April 20