Crypto Contest January 10: Ribbon Finance

Ribbon Finance (Coinbase: RBNUSD) 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, RBN began a red wave one advance on December 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 2 and the red wave two (blue sub-waves a-b-c) correction ended on January 8. If this wave count is correct, RBN should be heading next towards the January 2 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

Ribbon uses financial engineering to create structured products that deliver sustainable yield. The Babylonians reviewed the project two weeks ago.

(Sources: https://www.ribbon.finance/)

How Will Ribbon Finance Trade?

Ribbon Finance (Coinbase: RBNUSD) 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.

RBN will takeout the January 2 peak

RBN will drop below the December 13 low

RBN will stay in a trading range between the December 13 low and the January 2 peak until February 17

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