Crypto Contest March 6: Litentry

Litentry (Binance: LITUSDT) 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, LIT began a red wave one advance on February 9. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 16 and the red wave two (blue sub-waves a-b-c) correction ended on February 23. If this wave count is correct, LIT should be heading next towards the February 16 peak in the red wave three.

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

Funnymentals

Litentry is developing a platform to aggregate and manage decentralised identifiers across numerous different blockchains. Coin Bureau reviewed the project last month.

(Sources: https://www.litentry.com/)

How Will Litentry Trade?

Litentry (Binance: LITUSDT) 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.

LIT will takeout the February 16 peak

LIT will drop below the February 9 low

LIT will stay in a trading range between the February 9 low and the February 16 peak until April 12