Crypto Contest March 23: 3X Short BNB Token

3X Short BNB Token (FTX: BNBBEARUSD) 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, BNBBEAR began a red wave A (blue sub-waves a-b-c) advance on February 13. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on March 20. If this wave count is correct, BNBBEAR should be heading next towards the March 13 peak in the red wave C.

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

Funnymentals

3X Short BNB Token (BNBBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Binance Coin.

(Sources: https://ftx.com/tokens/BNBBEAR)

How Will BNBBEAR Trade?

3X Short BNB Token (FTX: BNBBEARUSD) four-hour 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 and comment below.

BNBBEAR will takeout the March 13 peak

BNBBEAR will drop below the February 13 low

BNBBEAR will stay in a trading range between the February 13 low and the March 13 peak until April 26

Posted via Steemleo