Crypto Contest January 4: Hivemapper

Hivemapper (Raydium: HONEYUSD) 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, HONEY began a red wave one advance on October 19. The red wave one peaked on November 11 and the red wave two correction ended on November 15. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on December 12 and the red wave four (blue sub-waves a-b-c) correction ended on December 28. If this wave count is correct, HONEY should be heading next towards the December 12 peak in the red wave five.

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

Funnymentals

Hivemapper is a decentralized global mapping network that rewards its contributors for collecting high-volume 4K street-level imagery with dashcams through a Drive-to-Earn model. Tech Hustler reviewed the project three weeks ago.

(Sources: https://hivemapper.com/)

How Will Hivemapper Trade?

Hivemapper (Raydium: HONEYUSD) 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

HONEY will takeout the December 12 peak

HONEY will drop below the October 19 low

HONEY will stay in a trading range between the October 19 low and the December 12 peak until February 9

Posted Using InLeo Alpha