Crypto Contest July 11: Plasma Finance

Plasma Finance (Uniswap: PPAYWETH) 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, PPAY began a red wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 3 and the red wave two (blue sub-waves a-b-c) correction ended on July 8. If this wave count is correct, PPAY should be heading next towards the March 3 peak in the red wave three.

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

Funnymentals

Plasma Finance is a DeFi dashboard which aggregates the most popular DeFi protocols in one place. Altcoin Buzz reviewed the project earlier this year.

(Sources: https://plasma.finance/)

How Will Plasma Finance Trade?

Plasma Finance (Uniswap: PPAYWETH) 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.

PPAY will takeout the March 3 peak

PPAY will drop below the January 10 low

PPAY will stay in a trading range between the January 10 low and the March 3 peak until August 17