Crypto Contest January 12: Mirror Protocol

Mirror Protocol (Bithumb: MIRKRW) 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, MIR began a red wave one advance on January 3. The red wave one finished on January 4 and the red wave two correction ended on January 6. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on January 7 and the red wave four (blue sub-waves a-b-c) correction ended on January 11. If this wave count is correct, MIR should be heading next towards the January 7 peak in the red wave five.

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

Funnymentals

MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs on the Terra blockchain. Menno Pietersen tested the platform last month.

(Sources: https://mirror.finance/)

How Will Mirror Protocol Trade?

Mirror Protocol (Bithumb: MIRKRW) 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.

MIR will takeout the January 7 peak

MIR will drop below the January 3 low

MIR will stay in a trading range between the January 3 low and the January 7 peak until February 18