Crypto Contest December 22: Polkastarter

Polkastarter (Poloniex: POLSUSDT) 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, POLS began a red wave one advance on October 29. The red wave one finished on November 13 and the red wave two correction ended on November 19. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on December 14 and the red wave four (blue sub-waves a-b-c) correction ended on December 21. If this wave count is correct, POLS should be heading next towards the December 14 peak in the red wave five.

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

Funnymentals

Polkastarter is a DEX built for cross-chain token pools and auctions, enabling projects to raise capital on Polkadot. Satoshi Stacker reviewed the project more than two months ago.

How Will Polkastarter Trade?

Polkastarter (Poloniex: POLSUSDT) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers.

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.

POLS will takeout the December 14 peak

POLS will drop below the December 9 low

POLS will stay in a trading range between the December 9 low and the December 14 peak until January 28, 2021