Crypto Contest July 26: Energi

Energi (KuCoin: NRGBTC) 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, NRG began a red wave one advance on February 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 27, and the red wave two (blue sub-waves a-b-c) correction ended on July 14. If this wave count is correct, NRG should be heading next towards the April 27 peak in the red wave three.

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

Funnymentals

Energi is a cryptocurrency that combines smart contracts, decentralized governance, and a self-funding treasury that enables sustainable growth. Coin Bureau reviewed the coin earlier this year.

(Sources: https://www.energi.world/)

How Will Energi Trade?

Energi (KuCoin: NRGBTC) 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.

NRG will takeout the June 1 peak

NRG will drop below the July 14 low

NRG will stay in a trading range between the July 14 low and the June 1 peak until August 31