Crypto Contest November 20: Farcana

Farcana (Bybit: FARUSDT) 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, FAR began a red wave one advance on September 20. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 3 and the red wave two (blue sub-waves a-b-c) correction ended on October 31. If this wave count is correct, FAR should be heading next towards the October 3 peak in the red wave three.

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

Funnymentals

Farcana is a free-to-play 3rd-person arena shooter built on Unreal Engine 5 & powered by a Web3 economy, coming to PC. You can watch their trailer below.

(Sources: https://www.farcana.com/)

How Will Farcana Trade?

Farcana (Bybit: FARUSDT) 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

FAR will takeout the October 3 peak

FAR will drop below the September 20 low

FAR will stay in a trading range between the September 20 low and the October 3 peak until December 26

Posted Using InLeo Alpha