Crypto Contest June 7: Capybara

Capybara (Uniswap: CAPYUSD) 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, CAPY began a red wave one advance on May 8. The red wave one peaked on May 9 and the red wave two (blue sub-waves a-b-c) correction ended on May 24. If this wave count is correct, CAPY should be heading next towards the May 9 peak in the red wave three.

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

Funnymentals

Capybara is a project built within the Remilia / Milady community. PC Crypto reviewed the project four weeks ago.

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

How Will Capybara Trade?

Capybara (Uniswap: CAPYUSD) 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

CAPY will takeout the May 9 peak

CAPY will drop below the May 8 low

CAPY will stay in a trading range between the May 8 low and the May 9 peak until July 13