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Crypto Contest January 7: Biconomy

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Markus Aarnio
@maarnio
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Biconomy (Binance: BICOBTC) 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, BICO began a red wave one advance on December 20. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 26 and the red wave two (blue sub-waves a-b-c) correction ended on January 5. If this wave count is correct, BICO should be heading next towards the December 26 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). Josh Cross - DeFi NOW reviewed the protocol last month.

(Sources: https://www.biconomy.io/)

How Will Biconomy Trade?

Biconomy (Binance: BICOBTC) 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.

BICO will takeout the December 26 peak

BICO will drop below the December 20 low

BICO will stay in a trading range between the December 20 low and the December 26 peak until February 14

Posted Using LeoFinance Beta