Crypto Contest May 10: Arowana Token

Arowana Token (Bithumb: ARWKRW) 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, ARW began a red wave one advance on April 29. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 1 and the red wave two (blue sub-waves a-b-c) correction ended on May 6. If this wave count is correct, ARW should be heading next towards the May 1 peak in the red wave three.

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

Funnymentals

ARW Project intends to integrate all phases from processing of gold ore to distribution and sales based on blockchain technology and digital platform. You can read their whitepaper here.

(Sources: https://arowana.finance/)

How Will Arowana Token Trade?

Arowana Token (Bithumb: ARWKRW) 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.

ARW will takeout the May 1 peak

ARW will drop below the April 29 low

ARW will stay in a trading range between the April 29 low and the May 1 peak until June 16