Crypto Contest February 27: EdenLoop

EdenLoop (Bittrex: ELTUSD) 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, ELT began a red wave one advance on February 24. The red wave one peaked on February 24 and the red wave two (blue sub-waves a-b-c) correction ended on February 25. If this wave count is correct, ELT should be heading next towards the February 24 peak in the red wave three.

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

Funnymentals

EdenLoop is a NFT cryptocurrency exchange.

(Sources: https://edenloop.net/)

How Will EdenLoop Trade?

EdenLoop (Bittrex: ELTUSD) 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.

ELT will takeout the February 24 peak

ELT will drop below the February 24 low

ELT will stay in a trading range between the February 24 low and the February 24 peak until April 6