Crypto Contest July 16: Terra Classic

Terra Classic (KuCoin: LUNCUSDT) 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, LUNC began a red wave one advance on June 9. The red wave one peaked on June 9 and the red wave two correction ended on June 18. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on June 29 and the red wave four (blue sub-waves a-b-c) correction ended on July 13. If this wave count is correct, LUNC should be heading next towards the June 29 peak in the red wave five.

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

Funnymentals

The original Terra Chain has been rebranded as Terra Classic. Crypto King reviewed the latest Terra Luna Classic news today.

(Sources: https://www.terra.money/)

How Will Terra Classic Trade?

Terra Classic (KuCoin: LUNCUSDT) 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.

LUNC will takeout the June 29 peak

LUNC will drop below the June 9 low

LUNC will stay in a trading range between the June 9 low and the June 29 peak until August 22