Crypto Contest May 11: BakeryToken

BakeryToken (Binance: BAKEUSDT) 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, BAKE began a red wave one advance in November 2020. The red wave one peaked on February 19 this year and the red wave two correction ended on February 28. If this wave count is correct, BAKE should be heading next towards the May 2 peak in the red wave three (blue sub-wave v).

(Chart courtesy of CoinMarketCap.com)

Funnymentals

BakerySwap is a AMM+NFT exchange on Binance Smart Chain. Crypto Crazy covered the project two weeks ago.

(Sources: https://www.bakeryswap.org/)

How Will BakeryToken Trade?

BakeryToken (Binance: BAKEUSDT) 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.

BAKE will takeout the May 2 peak

BAKE will drop below the May 1 low

BAKE will stay in a trading range between the May 1 low and the May 2 peak until June 17