Crypto Contest March 25: Squid Game

Squid Game (Gate.io: SQUIDUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, SQUID began a red wave one advance on March 7. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 13 and the red wave two (blue sub-waves a-b-c) correction ended on March 23. If this wave count is correct, SQUID should be heading next towards the March 13 peak in the red wave three.

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

Funnymentals

Squid Game cryptocurrency was founded by scammers. From Coinmarketcap: "They took advantage of their community, and inevitably committed a rug pull and ran off with millions. Many people were devastated. Despite this devastation, many people found a home in this previously broken community. This was in part with the intervention of Binance themselves. The developers addresses were blacklisted and Binance announced a pending investigation into the developers. Squid Game has now emerged as a decentralized cryptocurrency, with full community autonomy. The previously extinguished flame has been re-ignited as we grow each and everyday and now progress in developing a trustworthy currency with extraordinary potential."

(Sources: https://squidgameholders.org/)

How Will Squid Game Trade?

Squid Game (Gate.io: SQUIDUSDT) four-hour 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.

SQUID will takeout the March 13 peak

SQUID will drop below the March 7 low

SQUID will stay in a trading range between the March 7 low and the March 13 peak until May 2