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Crypto Contest March 2: Silly Dragon

maarnio - 2024-03-02 11:02:51

Silly Dragon (HTX: SILLYUSDT) has broken out of the triangle pattern in the daily chart.
https://i.postimg.cc/Wbr12fG6/Nimet-n.png
(Chart courtesy of Tradingview.com(log scale))


Elliott Wave Analysis


In Elliott Wave terms, SILLY began a red wave one advance on December 22, 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 27, 2023 and the red wave two (blue sub-waves a-b-c) correction ended on February 23 this year. If this wave count is correct, SILLY should be heading next towards the December 27, 2023 peak in the red wave three.
https://i.postimg.cc/CK838WKm/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))


Funnymentals


"Silly Dragon" is a character that emerged from the Solana ecosystem, introduced officially by Anatoly Yakovenko, co-founder of Solana, during Halloween 2023. Digivest reviewed the project one month ago.



(Sources: https://sillydragon.io/)


How Will Silly Dragon Trade?


Silly Dragon (HTX: SILLYUSDT) daily chart by Tradingview.
https://i.postimg.cc/RCTTP9p2/nimet-n3.png
(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


SILLY will takeout the December 27 peak


SILLY will drop below the December 22 low


SILLY will stay in a trading range between the December 22 low and the December 27 peak until April 7