Crypto Contest March 11: Acala Token

Acala Token (Binance: ACAUSDT) 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, ACA began a red wave one advance on February 24. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 2 and the red wave two (blue sub-waves a-b-c) correction ended on March 7. If this wave count is correct, ACA should be heading next towards the March 2 peak in the red wave three.

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

Funnymentals

Acala is an Ethereum-compatible smart contract platform optimized for DeFi on Polkadot. Nick Of Jupiter reviewed the project last month.

(Sources: https://acala.network/)

How Will Acala Token Trade?

Acala Token (Binance: ACAUSDT) 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.

ACA will takeout the March 2 peak

ACA will drop below the February 24 low

ACA will stay in a trading range between the February 24 low and the March 2 peak until April 18