Crypto Contest May 29: APENFT

APENFT (Huobi: NFTUSDT) 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, NFT 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 25. If this wave count is correct, NFT should be heading next towards the May 20 peak in the red wave three.

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

Funnymentals

Core businesses of APENFT include:

investing in top NFT platforms and artworks, incubating leading NFT artists to build a bridge between world-class
artists and the NFT world; sponsoring galleries, organizing art exhibitions or publications, and setting up awards to support art creation and criticism; establishing art collections, etc.

You can read their latest airdrop announcement here.

(Sources: http://apenft.org/)

How Will APENFT Trade?

APENFT (Huobi: NFTUSDT) 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.

NFT will takeout the May 20 peak

NFT will drop below the May 20 low

NFT will stay in a trading range between the May 20 low and the May 20 peak until July 5