Crypto Contest December 10: Spell Token

Spell Token (CoinMarketCap: SPELLUSD) has broken out of the triangle pattern in the line chart.

(Chart courtesy of CoinMarketCap.com)

Elliott Wave Analysis

In Elliott Wave terms, SPELL began a red wave one advance on August 17. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 3 and the red wave two (blue sub-waves a-b-c) correction ended on December 4. If this wave count is correct, SPELL should be heading next towards the November 3 peak in the red wave three.

(Chart courtesy of CoinMarketCap.com)

Funnymentals

Abracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral. SPELL is its token, used for incentivization as well as voting right when staked. The Brutal Investor reviewed the project earlier today.

(Sources: https://abracadabra.money/)

How Will Spell Token Trade?

Spell Token (CoinMarketCap: SPELLUSD) line chart by CoinMarketCap.

(Chart courtesy of CoinMarketCap.com)

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.

SPELL will takeout the November 3 peak

SPELL will drop below the August 17 low

SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17