Crypto Contest March 22: Sora

Sora (Uniswap: XORWETH) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, XOR began a red wave one advance in June 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in August 2020 and the red wave two (blue sub-waves a-b-c) correction ended in January this year. If this wave count is correct, XOR should be heading next towards the August 2020 peak in the red wave three.

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

Funnymentals

SORA is a economic system that decentralizes the concept of a central bank as well as a network that implements a new way to architect a parachain blockchain that connects to the Polkadot relay chain and ecosystem with in-built tools focused on DeFi. Crypto 2103 reviewed the platform last month.

(Sources: https://sora.org/)

How Will Sora Trade?

Sora (Uniswap: XORWETH) weekly 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.

XOR will takeout the August 2020 peak

XOR will drop below the June 2020 low

XOR will stay in a trading range between the June 2020 low and the August 2020 peak until April 28