Crypto Contest November 7: Ferrum Network

Ferrum Network (KuCoin: FRMUSDT) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, FRM began a red wave one advance in September 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March 2023 and the red wave two (blue sub-waves a-b-c) correction ended in October. If this wave count is correct, FRM should be heading next towards the March peak in the red wave three.

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

Funnymentals

Ferrum Network brings a new era of interconnected blockchains. You can read their latest monthly report here.

(Sources: https://ferrum.network/)

How Will Ferrum Network Trade?

Ferrum Network (KuCoin: FRMUSDT) 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

FRM will takeout the September 1 peak

FRM will drop below the October 9 low

FRM will stay in a trading range between the October 9 low and the September 1 peak until December 14