Crypto Contest September 20: Reef

Reef (Binance: REEFUSDT) 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, REEF began a red wave one advance in December 2020. The red wave one peaked in December 2020 and the red wave two (blue sub-waves a-b-c) correction ended in June this year. If this wave count is correct, REEF should be heading next towards the December 2020 peak in the red wave three.

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

Funnymentals

Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Cryptopia reviewed the project one week ago.

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

How Will Reef Trade?

Reef (Binance: REEFUSDT) 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.

REEF will takeout the March peak

REEF will drop below the June low

REEF will stay in a trading range between the June low and the March peak until October 27