Crypto Contest July 31: Kadena

Kadena (Bittrex: KDAUSD) 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, KDA began a red wave one advance on July 10. The red wave one finished on July 12, and the red wave two correction ended on July 13. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on July 26, and the red wave four (blue sub-waves a-b-c) correction ended on July 28. If this wave count is correct, KDA should be heading next towards the July 26 peak in the red wave five.

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

Funnymentals

Kadena provides a hybrid blockchain platform, featuring a sharded and scalable layer-1 PoW public network. You can read their roadmap here.

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

How Will Kadena Trade?

Kadena (Bittrex: KDAUSD) four-hour 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.

KDA will takeout the July 26 peak

KDA will drop below the July 10 low

KDA will stay in a trading range between the July 10 low and the July 26 peak until September 5