Crypto Contest August 7: Celer Network

Celer Network (Binance: CELRUSDT) 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, CELR began a red wave one advance in March 2020. The red wave one peaked in August 2020 and the red wave two correction ended in October 2020. The red wave three (blue sub-waves i-ii-iii-iv-v) finished in March 2021 and the red wave four (blue sub-waves a-b-c) correction ended in July. If this wave count is correct, CELR should be heading next towards the March peak in the red wave five.

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

Funnymentals

Celer Network brings mass adoption to blockchain via layer2 scaling. You can read their latest AMA here.

(Sources: https://www.celer.network/)

How Will Celer Network Trade?

Celer Network (Binance: CELRUSDT) weekly 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.

CELR will takeout the March peak

CELR will drop below the July low

CELR will stay in a trading range between the July low and the March peak until September 13