Crypto Contest December 14: Euler

Euler (Huobi: EULUSDT) 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, EUL began a red wave one advance on November 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 2 and the red wave two (blue sub-waves a-b-c) correction ended on December 13. If this wave count is correct, EUL should be heading next towards the December 2 peak in the red wave three.

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

Funnymentals

Euler is a capital-efficient permissionless lending protocol that helps users to earn interest on their crypto assets or hedge against volatile markets without the need for a trusted third party. Token Terminal — Crypto Fundamentals reviewed the project five days ago.

(Sources: https://www.euler.finance/)

How Will Euler Trade?

Euler (Huobi: EULUSDT) 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.

EUL will takeout the December 2 peak

EUL will drop below the November 22 low

EUL will stay in a trading range between the November 22 low and the December 2 peak until January 20