Crypto Contest December 16: RMRK

RMRK (KuCoin: RMRKUSDT) 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, RMRK began a red wave one advance on September 28. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 3 and the red wave two (blue sub-waves a-b-c) correction ended on December 14. If this wave count is correct, RMRK should be heading next towards the December 3 peak in the red wave three.

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

Funnymentals

RMRK offers "eternally liquid", forward compatible, nested, conditional, fractionalizable NFTs. Crypto Renegade reviewed the project yesterday.

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

How Will RMRK Trade?

RMRK (KuCoin: RMRKUSDT) 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.

RMRK will takeout the December 3 peak

RMRK will drop below the November 26 low

RMRK will stay in a trading range between the November 26 low and the December 3 peak until January 23