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Crypto Contest January 26: Moonbeam

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Markus Aarnio
@maarnio
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Moonbeam (Binance: GLMRUSDT) 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, GLMR began a red wave one advance on January 11. The red wave one peaked on January 11 and the red wave two (blue sub-waves a-b-c) correction ended on January 24. If this wave count is correct, GLMR should be heading next towards the January 11 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Token Metrics interviewed Derek Yoo yesterday.

(Sources: https://moonbeam.network/)

How Will Moonbeam Trade?

Moonbeam (Binance: GLMRUSDT) 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.

GLMR will takeout the January 11 peak

GLMR will drop below the January 11 low

GLMR will stay in a trading range between the January 11 low and the January 11 peak until March 5

Posted Using LeoFinance Beta