Crypto Contest April 7: Chain

Chain (KuCoin: XCNUSDT) 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, XCN began a red wave one advance on April 2. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 3 and the red wave two (blue sub-waves a-b-c) correction ended on April 6. If this wave count is correct, XCN should be heading next towards the April 3 peak in the red wave three.

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

Funnymentals

Chain is a cloud blockchain infrastructure that enables organizations to build better financial services from the ground up. The Brutal Investor reviewed the project yesterday.

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

How Will Chain Trade?

Chain (KuCoin: XCNUSDT) four-hour 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.

XCN will takeout the April 3 peak

XCN will drop below the April 2 low

XCN will stay in a trading range between the April 2 low and the April 3 peak until May 14