Crypto Contest May 23: PARSIQ

PARSIQ (Gate.io: PRQUSDT) 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, PRQ began a red wave one advance on May 12. The red wave one peaked on May 13 and the red wave two correction ended on May 14. The red wave three (blue sub-waves i-ii-iii-iv-v) peaked on May 18 and the red wave four (blue sub-waves a-b-c) correction ended on May 22. If this wave count is correct, PRQ should be heading next towards the May 18 peak in the red wave five.

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

Funnymentals

PARSIQ is a full-suite data network solution helping to build the backends for all Web3 dApps & protocols. You can watch their latest AMA below.

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

How Will PARSIQ Trade?

PARSIQ (Gate.io: PRQUSDT) 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.

PRQ will takeout the May 18 peak

PRQ will drop below the May 12 low

PRQ will stay in a trading range between the May 12 low and the May 18 peak until June 29