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Crypto Contest November 17: Venus

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maarnio
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Venus (Binance: XVSUSDT) has broken out of the triangle pattern in the weekly chart.Image from thread
(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, XVS began a red wave one advance in October 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in May 2021 and the red wave two (blue sub-waves a-b-c) correction ended in June this year. If this wave count is correct, XVS should be heading next towards the May 2021 peak in the red wave three.Image from thread
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Venus lets you earn, borrow & lend on the "#1 Decentralized Money Market" on the BNB Chain. You can watch their intro video below.

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

How Will Venus Trade?

Venus (Binance: XVSUSDT) weekly chart by Tradingview.Image from thread
(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

XVS will takeout the April peak

XVS will drop below the June low

XVS will stay in a trading range between the June low and the April peak until December 24

Posted Using InLeo Alpha