Crypto Contest May 29: Kylin

Kylin (Gate.io: KYLUSDT) 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, KYL began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 16 and the red wave two (blue sub-waves a-b-c) correction ended on May 22. If this wave count is correct, KYL should be heading next towards the May 16 peak in the red wave three.

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

Funnymentals

Kylin Network is the native Polkadot data blockchain to accelerate the world’s transition to DeData within a Web3.0 context by building a cross-chain platform powering the data economy. Crypto Education Club reviewed the project earlier this year.

(Sources: https://kylin.network/)

How Will Kylin Trade?

Kylin (Gate.io: KYLUSDT) 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.

KYL will takeout the May 16 peak

KYL will drop below the May 12 low

KYL will stay in a trading range between the May 12 low and the May 16 peak until July 5