Crypto Contest January 8: SunContract

Crypto Contest January 8: SunContract

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SunContract (HitBTC: SNCUSDT) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, SNC began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2019, and the red wave two (blue sub-waves a-b-c) correction ended in December 2019. If this wave count is correct, SNC should be heading next towards the April 2019 peak in the red wave three.

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

Zooming out in the weekly chart, I believe SNC is currently in the red wave three (blue sub-wave iii). The red wave three began in December 2018.

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

Funnymentals

SunContract is a blockchain based company that is pioneering the decentralisation of the energy sector. You can watch their end of 2019 recap below.

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

How Will SunContract Trade?

SunContract (HitBTC: SNCUSDT) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

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• SNC will takeout the August 2019 peak

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• SNC will drop below the December 2019 low

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• SNC will stay in a trading range between the December 2019 low and the August 2019 peak until February 13

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Answer the question at dpoll.xyz.