Crypto Contest May 21: LATOKEN

LATOKEN (HitBTC: LAETH) 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, LA began a red wave one advance on January 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 13 and the red wave two (blue sub-waves a-b-c) correction ended on May 10. If this wave count is correct, LA should be heading next towards the April 13 peak in the red wave three.

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

Funnymentals

LA serves as the native asset for the LATOKEN exchange and is used for trading cryptoassets while enhancing liquidity on the LATOKEN exchange. LiteLiger reviewed the exchange late last year.

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

How Will LATOKEN Trade?

LATOKEN (HitBTC: LAETH) 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.

LA will takeout the April 13 peak

LA will drop below the January 19 low

LA will stay in a trading range between the January 19 low and the April 13 peak until June 27