Crypto Contest May 18: Dogelon Mars

Dogelon Mars (Poloniex: ELONUSDT) 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, ELON began a red wave one advance on May 2. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 12 and the red wave two (blue sub-waves a-b-c) correction ended on May 17. If this wave count is correct, ELON should be heading next towards the May 12 peak in the red wave three.

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

Funnymentals

Dogelon Mars is named after Elon Musk and launched as an “interplanetary currency” in anticipation of bringing the first settlers to Mars. MONIES explained the token one week ago.

(Sources: https://dogelon.io/)

How Will Dogelon Mars Trade?

Dogelon Mars (Poloniex: ELONUSDT) 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.

ELON will takeout the May 12 peak

ELON will drop below the May 2 low

ELON will stay in a trading range between the May 2 low and the May 12 peak until June 24