Crypto Contest June 12: TE-FOOD

TE-FOOD (KuCoin: TFDBTC) 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, TFD began a red wave one advance on May 9. The red wave one finished on May 22, and the red wave two correction ended on May 25. The red wave three advance finished on May 27, and the red wave four correction ended on June 7. If this wave count is correct, TFD should be heading next towards the May 27 peak in the red wave five.

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

Zooming out in the weekly chart, I believe TFD is currently in the red wave three.

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

Funnymentals

TE-FOOD is a blockchain based farm-to-table food traceability solution. You can read their latest news here.

(Sources: https://www.te-food.com/)

How Will TE-FOOD Trade?

TE-FOOD (KuCoin: TFDBTC) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

TFD will takeout the May 27 peak

TFD will drop below the May 25 low

TFD will stay in a trading range between the May 25 low and the May 27 peak until July 17

Posted Using LeoFinance