Crypto Contest July 17: Nexo

Nexo (Huobi: NEXOUSDT) 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, NEXO began a red wave one advance in August 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in May 2021 and the red wave two (blue sub-waves a-b-c) correction ended in June. If this wave count is correct, NEXO should be heading next towards the May 2021 peak in the red wave three.

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

Funnymentals

Nexo is a regulated institution for digital assets, pioneer of the instant crypto credit lines and high-yield earn on crypto & fiat services. You can watch their latest brainer below.

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

How Will Nexo Trade?

Nexo (Huobi: NEXOUSDT) weekly 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.

NEXO will takeout the May 2021 peak

NEXO will drop below the August 2020 low

NEXO will stay in a trading range between the August 2020 low and the May 2021 peak until August 23