Crypto Contest January 23: Tap

Tap (CRYPTO: XTPUSD) 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, XTP began a red wave one advance on January 2. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 18 and the red wave two (blue sub-waves a-b-c) correction ended on January 22. If this wave count is correct, XTP should be heading next towards the January 18 peak in the red wave three.

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

Funnymentals

Tap offers one-stop services for cryptocurrency participants and aims to remove financial boundaries by supporting connections with banks and exchanges. They just completed their 7th token burn.

(Sources: https://www.tap.global/gb-en)

How Will Tap Trade?

Tap (CRYPTO: XTPUSD) daily 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.

XTP will takeout the January 18 peak

XTP will drop below the January 2 low

XTP will stay in a trading range between the January 2 low and the January 18 peak until March 1