Crypto Contest May 20: Ordinals

Ordinals (Gate.io: ORDIUSDT) 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, ORDI began a red wave one advance on May 8. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 8 and the red wave two (blue sub-waves a-b-c) correction ended on May 12. If this wave count is correct, ORDI should be heading next towards the May 8 peak in the red wave three.

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

Funnymentals

Ordinals are a numbering scheme for satoshis that allows tracking and transferring individual sats. Crypto Banter reviewed Bitcoin Ordinals one week ago.

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

How Will Ordinals Trade?

Ordinals (Gate.io: ORDIUSDT) 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

ORDI will takeout the May 8 peak

ORDI will drop below the May 8 low

ORDI will stay in a trading range between the May 8 low and the May 8 peak until June 25