Crypto Contest May 1: Rally

Rally (KuCoin: RLYUSDT) 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, RLY began a red wave one advance on December 24, 2020. The red wave one peaked on January 16 this year and the red wave two correction ended on February 28. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on April 3 and the red wave four (blue sub-waves a-b-c) correction ended on April 25. If this wave count is correct, RLY should be heading next towards the April 3 peak in the red wave five.

(Chart courtesy of CoinMarketCap.com)

Funnymentals

Rally is an open network that enables creators to launch vibrant and independent economies with their communities powered by the ethereum blockchain. Law Of Crypto reviewed the project last month.

(Sources: https://rally.io/)

How Will Rally Trade?

Rally (KuCoin: RLYUSDT) 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.

RLY will takeout the March 31 peak

RLY will drop below the March 25 low

RLY will stay in a trading range between the March 25 low and the March 31 peak until June 7