Crypto Contest January 18: Flamingo

Flamingo (Binance: FLMUSDT) has broken out of the triangle pattern in the daily chart. (Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, FLM began a red wave one advance on November 4, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 25, 2020 and the red wave two (blue sub-waves a-b-c) correction ended on January 2 this year. If this wave count is correct, FLM should be heading next towards the November 25, 2020 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Flamingo is a decentralized finance platform based on the Neo blockchain and the Poly Network interoperability protocol. Don Willio made a Flamingo tutorial last year.

(Sources: https://flamingo.finance/)

How Will Flamingo Trade?

Flamingo (Binance: FLMUSDT) daily chart by Tradingview. (Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

FLM will takeout the November 25, 2020 peak

FLM will drop below the November 4, 2020 low

FLM will stay in a trading range between the November 4, 2020 low and the November 25, 2020 peak until February 24

Posted Using LeoFinance ^Beta