Crypto Contest February 16: Frencoin

Frencoin (CoinEx: FRENUSDT) 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, FREN began a red wave one advance on January 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 25 and the red wave two (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, FREN should be heading next towards the January 25 peak in the red wave three.

(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Frencoin is a open source layer 1 Proof of Work blockchain ecosystem with a store of value that promotes scalability with decentralization for frens. Surojit Polley reviewed the project two months ago.

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

How Will Frencoin Trade?

Frencoin (CoinEx: FRENUSDT) 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

FREN will takeout the January 25 peak

FREN will drop below the January 19 low

FREN will stay in a trading range between the January 19 low and the January 25 peak until March 23

Posted Using InLeo Alpha