Crypto Contest November 24: First Convicted Raccon Fred

First Convicted Raccon Fred (Raydium: FREDUSD) 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, FRED began a red wave one advance on November 4. The red wave one peaked on November 7 and the red wave two correction ended on November 9. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on November 14 and the red wave four (blue sub-waves a-b-c) correction ended on November 22. If this wave count is correct, FRED should be heading next towards the November 14 peak in the red wave five.

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

Funnymentals

FRED and PNUT used to live happily together in the same house in NEW YORK they were both arrested by Federal Government agents suddenly one day and later killed. Gerhard - Bitcoin Strategy reviewed the project one week ago.

(Sources: https://fredonsol.fun/)

How Will First Convicted Raccon Fred Trade?

First Convicted Raccon Fred (Raydium: FREDUSD) 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

FRED will takeout the November 14 peak

FRED will drop below the November 4 low

FRED will stay in a trading range between the November 4 low and the November 14 peak until December 30

Posted Using InLeo Alpha