Crypto Contest January 4: SparkPoint

SparkPoint (Uniswap: SRKWETH) 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, SRK began a red wave one advance on July 3, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 5, 2020 and the red wave two (blue sub-waves a-b-c) correction ended on November 24. If this wave count is correct, SRK should be heading next towards the August 5, 2020 peak in the red wave three.

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

Funnymentals

SparkPoint aims to fast track mainstream adoption of blockchain and cryptocurrency through an ecosystem of practical products and services like SparkPoint Wallet, SparkLearn, SparkPlay, SparkEarn, and SparkDeFi. JRNY Crypto made a SRK staking tutorial video last month.

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

How Will SparkPoint Trade?

SparkPoint (Uniswap: SRKWETH) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

SRK will takeout the August 5, 2020 peak

SRK will drop below the July 3, 2020 low

SRK will stay in a trading range between the July 3, 2020 low and the August 5, 2020 peak until February 10