Crypto Contest July 29: LockTrip

LockTrip (KuCoin: LOCUSDT) 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, LOC began a red wave one advance in January. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in May and the red wave two (blue sub-waves a-b-c) correction ended on July 20. If this wave count is correct, LOC should be heading next towards the May peak in the red wave three.

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

Funnymentals

LockTrip is a blockchain-based travel marketplace that allows users to save up to 60% on their bookings by cutting out middlemen and their commissions. You can watch their intro video below.

(Sources: https://locktrip.com/)

How Will LockTrip Trade?

LockTrip (KuCoin: LOCUSDT) 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.

LOC will takeout the May peak

LOC will drop below the January low

LOC will stay in a trading range between the January low and the May peak until September 4