Crypto Contest April 16: 1X Short Matic Token

1X Short Matic Token (FTX: MATICHEDGEUSD) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, MATICHEDGE began a red wave A (blue sub-waves a-b-c) advance on March 7. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on April 9. If this wave count is correct, MATICHEDGE should be heading next towards the March 13 peak in the red wave C.

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

Funnymentals

1X Short Matic Token (MATICHEDGE) is an ERC20 token which seeks a return that corresponds to -1 times the daily return of Matic.

(Sources: https://ftx.com/tokens/MATICHEDGE)

How Will MATICHEDGE Trade?

1X Short Matic Token (FTX: MATICHEDGEUSD) daily 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.

MATICHEDGE will takeout the March 13 peak

MATICHEDGE will drop below the March 7 low

MATICHEDGE will stay in a trading range between the March 7 low and the March 13 peak until May 20

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Posted via Steemleo