Crypto Contest July 21: LaunchX

LaunchX (KuCoin: LNCHXUSDT) 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, LNCHX began a red wave one advance on May 17. The red wave one peaked on May 17 and the red wave two (blue sub-waves a-b-c) correction ended on July 20. If this wave count is correct, LNCHX should be heading next towards the May 17 peak in the red wave three.

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

Funnymentals

LaunchX is driving the next generation of DeFi projects to launch in a fair and decentralized manner across multiple Blockchains. You can check their latest IDO here.

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

How Will LaunchX Trade?

LaunchX (KuCoin: LNCHXUSDT) daily 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.

LNCHX will takeout the June 1 peak

LNCHX will drop below the May 17 low

LNCHX will stay in a trading range between the May 17 low and the June 1 peak until August 27