Crypto Contest May 24: Folder Protocol

Folder Protocol (Bittrex: FOLUSDT) 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, FOL began a red wave one advance on May 20. The red wave one peaked on May 20 and the red wave two (blue sub-waves a-b-c) correction ended on May 23. If this wave count is correct, FOL should be heading next towards the May 20 peak in the red wave three.

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

Funnymentals

Folder Protocol is decentralized storage project with layer-2 solutions, seeking to safely store and send larger batches of data more adequately. Bittrex Global interviewed the CTO last week.

(Sources: https://www.folderlabs.io/)

How Will Folder Protocol Trade?

Folder Protocol (Bittrex: FOLUSDT) 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.

FOL will takeout the May 20 peak

FOL will drop below the May 20 low

FOL will stay in a trading range between the May 20 low and the May 20 peak until June 30