Crypto Contest January 6: Saber

Saber (Gate.io: SBRUSDT) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, SBR began a red wave one advance on November 21. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 10 and the red wave two (blue sub-waves a-b-c) correction ended on December 29. If this wave count is correct, SBR should be heading next towards the December 10 peak in the red wave three.

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

Funnymentals

Saber is a cross-chain stablecoin exchange on Solana. Exodus reviewed the project last year.

(Sources: https://app.saber.so/)

How Will Saber Trade?

Saber (Gate.io: SBRUSDT) daily 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.

SBR will takeout the December 10 peak

SBR will drop below the November 21 low

SBR will stay in a trading range between the November 21 low and the December 10 peak until February 12