Crypto Contest January 24: 1peco

1peco (Bittrex: 1PECOUSDT) 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, 1PECO began a red wave one advance on January 14. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 14 and the red wave two (blue sub-waves a-b-c) correction ended on January 20. If this wave count is correct, 1PECO should be heading next towards the January 14 peak in the red wave three.

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

Funnymentals

1eco World, a blockchain-based Connect-to-Earn (C2E) platform, rewards its users as much as it contributes to solving real-world problems. You can read their whitepaper here.

(Sources: https://www.1eco.io/)

How Will 1peco Trade?

1peco (Bittrex: 1PECOUSDT) 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.

1PECO will takeout the January 14 peak

1PECO will drop below the January 14 low

1PECO will stay in a trading range between the January 14 low and the January 14 peak until March 3