Crypto Contest July 3: Hiblocks

Hiblocks (Bithumb: HIBSKRW) 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, HIBS began a red wave one advance on June 25. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 29 and the red wave two (blue sub-waves a-b-c) correction ended on July 2. If this wave count is correct, HIBS should be heading next towards the June 29 peak in the red wave three.

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

Zooming out in the four-hour chart, I believe HIBS is currently in the red wave three (blue sub-wave iii). The red wave one began on June 22 and the red wave two correction ended on June 25.

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

Funnymentals

Hiblocks is a blockchain-utilizing social media platform that aims to decentralize the current monetization system of social networks. You can find their whitepaper here.

(Sources: https://www.hiblocks.io/)

How Will Hiblocks Trade?

Hiblocks (Bithumb: HIBSKRW) four-hour 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.

HIBS will takeout the June 29 peak

HIBS will drop below the June 22 low

HIBS will stay in a trading range between the June 22 low and the June 29 peak until August 9