Crypto Contest April 25: Synapse

Synapse (Coinbase: SYNUSD) 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, SYN began a red wave one advance on March 24. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 5 and the red wave two (blue sub-waves a-b-c) correction ended on April 12. If this wave count is correct, SYN should be heading next towards the April 5 peak in the red wave three.

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

Funnymentals

Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains. Kalkine Media reviewed the project two weeks ago.

(Sources: https://synapseprotocol.com/)

How Will Synapse Trade?

Synapse (Coinbase: SYNUSD) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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.

SYN will takeout the April 5 peak

SYN will drop below the March 24 low

SYN will stay in a trading range between the March 24 low and the April 5 peak until June 1