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Crypto Contest December 14: Phantasma

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Markus Aarnio
@maarnio
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Phantasma (KuCoin: SOULUSDT) 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, SOUL began a red wave one advance on October 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 1 and the red wave two (blue sub-waves a-b-c) correction ended on December 11. If this wave count is correct, SOUL should be heading next towards the December 1 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Zooming out in the daily chart, I believe SOUL is currently in the red wave three (blue sub-wave iii). The red wave one began on July 21 and the red wave two correction ended on October 18. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

Phantasma is a cross-chain scalable L1 blockchain for SmartNFTs and gaming. Crypto World reviewed the project earlier this month.

(Sources: https://phantasma.io/)

How Will Phantasma Trade?

Phantasma (KuCoin: SOULUSDT) daily 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.

SOUL will takeout the December 1 peak

SOUL will drop below the October 18 low

SOUL will stay in a trading range between the October 18 low and the December 1 peak until January 21

Posted Using LeoFinance Beta