Crypto Contest July 27: LeverFi

LeverFi (Binance: LEVERUSDT) 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, LEVER began a red wave one advance on July 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 16 and the red wave two (blue sub-waves a-b-c) correction ended on July 26. If this wave count is correct, LEVER should be heading next towards the July 16 peak in the red wave three.

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

Funnymentals

LeverFi offers on-chain leverage trading using yield-bearing collateral. You can find more details about the project here.

(Sources: https://www.leverfi.io/)

How Will LeverFi Trade?

LeverFi (Binance: LEVERUSDT) four-hour 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.

LEVER will takeout the July 16 peak

LEVER will drop below the July 13 low

LEVER will stay in a trading range between the July 13 low and the July 16 peak until September 2