Crypto Contest June 7: Small Love Potion

Small Love Potion (Binance: SLPUSDT) 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, SLP began a red wave one advance on May 23. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 27 and the red wave two (blue sub-waves a-b-c) correction ended on June 4. If this wave count is correct, SLP should be heading next towards the May 27 peak in the red wave three.

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

Funnymentals

Small Love Potion (SLP) are an ERC 20 token that are used to breed Axies; they are not the Axie Infinity governance token. Brycent reviewed the token yesterday.

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

How Will Small Love Potion Trade?

Small Love Potion (Binance: SLPUSDT) 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.

SLP will takeout the May 27 peak

SLP will drop below the May 23 low

SLP will stay in a trading range between the May 23 low and the May 27 peak until July 14