Crypto Contest July 31: Inverse Finance

Inverse Finance (Uniswap: INVUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, INV began a red wave one advance on June 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 6 and the red wave two (blue sub-waves a-b-c) correction ended on July 22. If this wave count is correct, INV should be heading next towards the July 6 peak in the red wave three.

(Chart courtesy of Tradingview.com)

Funnymentals

You can borrow, lend & earn with Inverse Finance. The latest AMA can be found below.

(Sources: https://www.inverse.finance/)

How Will Inverse Finance Trade?

Inverse Finance (Uniswap: INVUSD) daily chart by Tradingview.

(Chart courtesy of Tradingview.com)

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.

INV will takeout the July 6 peak

INV will drop below the June 22 low

INV will stay in a trading range between the June 22 low and the July 6 peak until September 6