Crypto Contest July 31: TrustSwap

TrustSwap (Huobi: SWAPUSDT) 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, SWAP began a red wave one advance on June 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 2 and the red wave two (blue sub-waves a-b-c) correction ended on July 27. If this wave count is correct, SWAP should be heading next towards the July 2 peak in the red wave three.

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

Funnymentals

TrustSwap is bringing crypto to the world • over $6.5 billion secured • used by over 25,000 projects and 4M users. You can watch their latest update below.

(Sources: https://trustswap.com/)

How Will TrustSwap Trade?

TrustSwap (Huobi: SWAPUSDT) 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.

SWAP will takeout the July 2 peak

SWAP will drop below the June 18 low

SWAP will stay in a trading range between the June 18 low and the July 2 peak until September 6