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Crypto Contest January 24: Bidao

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Markus Aarnio
@maarnio
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Bidao (Poloniex: BIDUSDT) 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, BID began a red wave one advance on December 18, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 31, 2020 and the red wave two (blue sub-waves a-b-c) correction ended on January 22. If this wave count is correct, BID should be heading next towards the December 31, 2020 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Bidao is a multi-chain decentralized finance platform and stablecoin. Sir Crypto covered some of the latest news two days ago.

(Sources: https://bidaochain.org/)

How Will Bidao Trade?

Bidao (Poloniex: BIDUSDT) 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.

BID will takeout the December 31, 2020 peak

BID will drop below the December 18, 2020 low

BID will stay in a trading range between the December 18, 2020 low and the December 31, 2020 peak until March 2

Posted Using LeoFinance Beta