Crypto Contest February 7: Burger Swap

Burger Swap (Binance: BURGERBNB) 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, BURGER began a red wave one advance on January 17. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 25 and the red wave two (blue sub-waves a-b-c) correction ended on January 29. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on February 2 and the red wave four (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, BURGER should be heading next towards the February 2 peak in the red wave five.

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

Zooming out in the daily chart, I believe BURGER is currently in the red wave three (blue sub-wave v). The red wave one began on October 22, 2020 and the red wave two correction ended on January 17 this year.

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

Funnymentals

BurgerSwap is the "first" democratized decentralized AMM on Binance Smart Chain, built without the control of any centralized entity, through smart contracts. Satoshi Stacker reviewed the project last year.

How Will Burger Swap Trade?

Burger Swap (Binance: BURGERBNB) 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.

BURGER will takeout the February 2 peak

BURGER will drop below the January 29 low

BURGER will stay in a trading range between the January 29 low and the February 2 peak until March 16