Crypto Contest March 30: 3X Short Bitcoin Cash Token

3X Short Bitcoin Cash Token (FTX: BCHBEARUSD) 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, BCHBEAR began a red wave A (blue sub-waves a-b-c) advance on February 14. 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, BCHBEAR should be heading next towards the March 13 peak in the red wave C.

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

Funnymentals

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

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

How Will BCHBEAR Trade?

3X Short Bitcoin Cash Token (FTX: BCHBEARUSD) 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.

BCHBEAR will takeout the March 13 peak

BCHBEAR will drop below the February 14 low

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3

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Posted via Steemleo