Crypto Contest May 17: SHIBA INU

SHIBA INU (Uniswap: SHIBUSDT) 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, SHIB began a red wave one advance on August 2, 2020. The red wave one peaked on April 20 this year and the red wave two correction ended on April 28. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 10 and the red wave four (blue sub-waves a-b-c) correction ended on May 16. If this wave count is correct, SHIB should be heading next towards the May 10 peak in the red wave five.

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

Funnymentals

SHIBA INU locked 50% of the total token supply on Uniswap, and “threw away the keys!” the remaining 50% was “burned to Vitalik Buterin.” Austin Hilton covered the latest news earlier today.

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

How Will SHIBA INU Trade?

SHIBA INU (Uniswap: SHIBUSDT) daily 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.

SHIB will takeout the May 10 peak

SHIB will drop below the April 28 low

SHIB will stay in a trading range between the April 28 low and the May 10 peak until June 23