Crypto Contest January 19: GYEN

GYEN (Coinbase: GYENUSD) 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, GYEN began a red wave one advance on January 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 14 and the red wave two (blue sub-waves a-b-c) correction ended on January 18. If this wave count is correct, GYEN should be heading next towards the January 14 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

GYEN is a Japanese YEN-pegged stablecoin. The Brutal Investor reviewed the project two months ago.

(Sources: https://stablecoin.z.com/)

How Will GYEN Trade?

GYEN (Coinbase: GYENUSD) 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.

GYEN will takeout the January 14 peak

GYEN will drop below the January 5 low

GYEN will stay in a trading range between the January 5 low and the January 14 peak until February 26

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