Crypto Contest July 2: Signum

Signum (Bittrex: SIGNAUSD) 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, SIGNA began a red wave one advance on December 28, 2020. The red wave one peaked on January 20, 2021 and the red wave two correction ended on January 23. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 16 and the red wave four (blue sub-waves a-b-c) correction ended on June 12. If this wave count is correct, SIGNA should be heading next towards the May 16 peak in the red wave five.

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

Zooming out in the monthly chart, I believe SIGNA is currently in the red wave three. The red wave one began in November 2015 and the red wave two correction ended on December 28, 2020.

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

Funnymentals

BURST has been rebranded to Signum. You can find the history here.

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

How Will Signum Trade?

Signum (Bittrex: SIGNAUSD) 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.

SIGNA will takeout the May 16 peak

SIGNA will drop below the May 10 low

SIGNA will stay in a trading range between the May 10 low and the May 16 peak until August 8