Crypto Contest November 17: BounceBit

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BounceBit (Binance: BBUSDT) 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, BB began a red wave one advance on May 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 6 and the red wave two (blue sub-waves a-b-c) correction ended on November 3. If this wave count is correct, BB should be heading next towards the June 6 peak in the red wave three.

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

Funnymentals

BounceBit pioneers CeDeFi infrastructure, offering institutional-grade yield products, restaking use cases, and CeDeFi as a service, making high-yield opportunities accessible to all. You can find their token allocation here.

(Sources: https://bouncebit.io/)

How Will BounceBit Trade?

BounceBit (Binance: BBUSDT) 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

BB will takeout the June 6 peak

BB will drop below the May 13 low

BB will stay in a trading range between the May 13 low and the June 6 peak until December 23

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15 comments
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BB will stay in a trading range between the May 13 low and the June 6 peak until December 23

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BB will drop below the May 13 low

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BB will stay in a trading range between the May 13 low and the June 6 peak until December 23

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BB will takeout the June 6 peak

You never know who will break out next. ^__^

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BB will stay in a trading range between the May 13 low and the June 6 peak until December 23

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BB will stay in a trading range between the May 13 low and the June 6 peak until December 23

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BB will stay in a trading range between the May 13 low and the June 6 peak until December 23

!BEER
!BBH
!WINE

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@maarnio! @eii likes your content! so I just sent 1 BBH to your account on behalf of @eii. (1/5)

(html comment removed: )

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BB will stay in a trading range between the May 13 low and the June 6 peak until December 23

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BB will drop below the May 13 low
!BEER

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BB will stay in a trading range between the May 13 low and the June 6 peak until December 23

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