Crypto Contest March 29: 3X Short Cardano Token

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3X Short Cardano Token (FTX: ADABEARUSD) 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, ADABEAR began a red wave A (blue sub-waves a-b-c) advance on February 13. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on March 27. If this wave count is correct, ADABEAR should be heading next towards the March 13 peak in the red wave C.

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

Funnymentals

3X Short Cardano Token (ADABEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Cardano.

(Sources: https://ftx.com/trade/ADABEAR/USD)

How Will ADABEAR Trade?

3X Short Cardano Token (FTX: ADABEARUSD) four-hour 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.

ADABEAR will takeout the March 13 peak

ADABEAR will drop below the February 13 low

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

Posted via Steemleo

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31 comments
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ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

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0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

0
0
0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

0
0
0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2.

0
0
0.000
Reply
avatar

ADABEAR will takeout the March 13 peak

0
0
0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

0
0
0.000
Reply
avatar

ADABEAR will takeout the March 13 peak

0
0
0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

0
0
0.000
Reply
avatar

ADABEAR will takeout the March 13 peak

0
0
0.000
Reply
avatar

ADABEAR will takeout the March 13 peak

0
0
0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

0
0
0.000
Reply
avatar

ADABEAR will takeout the March 13 peak

0
0
0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

0
0
0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

0
0
0.000
Reply
avatar

ADABEAR will takeout the March 13 peak

0
0
0.000
Reply
avatar

ADABEAR will takeout the March 13 peak

0
0
0.000
Reply
avatar

ADABEAR will drop below the February 13 low

0
0
0.000
Reply
avatar

ADABEAR will stay in a trading range between the February 13 low and the March 13 peak until May 2

0
0
0.000
Reply