Crypto Contest August 6: THEKEY

THEKEY (KuCoin: TKYBTC) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, TKY began a red wave one advance on May 21. The red wave one finished on June 2, and the red wave two correction ended on July 1. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on July 19, and the red wave four (blue sub-waves a-b-c) correction ended on July 28. If this wave count is correct, TKY should be heading next towards the July 19 peak in the red wave five.

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

Funnymentals

THEKEY is a blockchain based identity verification technology being developed to create secure digital identities. You can read their latest AMA here.

(Sources: https://www.thekey.vip/#/homePage)

How Will THEKEY Trade?

THEKEY (KuCoin: TKYBTC) 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.

TKY will takeout the July 19 peak

TKY will drop below the July 13 low

TKY will stay in a trading range between the July 13 low and the July 19 peak until September 11