Crypto Contest April 22: Presearch

Presearch (HitBTC: PREUSD) 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, PRE began a wave one advance on November 14, 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 23 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 13. If this wave count is correct, PRE should be heading next towards the February 23 peak in the red wave three.

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

Funnymentals

Presearch aims to build a next-generation search engine that is powered by its community. Scott Cunningham interviewed the CEO on March 10. You can find the video here.

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

How Will Presearch Trade?

Presearch (HitBTC: PREUSD) 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.

PRE will takeout the February peak

PRE will drop below the March low

PRE will stay in a trading range between the March low and the February peak until May 26