Crypto Contest December 5: Alchemist AI

Alchemist AI (Poloniex: ALCHUSDT) 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, ALCH began a red wave one advance on November 29. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 1 and the red wave two (blue sub-waves a-b-c) correction ended on December 4. If this wave count is correct, ALCH should be heading next towards the December 1 peak in the red wave three.

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

Funnymentals

Alchemist AI is a no-code development platform that enables users to create software applications with just a simple description. STOCK INVESTOR reviewed the project one week ago.

(Sources: https://www.alchemistai.app/)

How Will Alchemist AI Trade?

Alchemist AI (Poloniex: ALCHUSDT) four-hour 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

ALCH will takeout the December 1 peak

ALCH will drop below the November 29 low

ALCH will stay in a trading range between the November 29 low and the December 1 peak until January 11

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