Crypto Contest July 3: Newscrypto

Newscrypto (KuCoin: NWCBTC) 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, NWC began a red wave one advance on May 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 10, and the red wave two (blue sub-waves a-b-c) correction ended on June 29. If this wave count is correct, NWC should be heading next towards the June 10 peak in the red wave three.

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

Funnymentals

Newscrypto is a token that grants Newscrypto users access to a smart money movement analysis and empowers cryptocurrency mass adoption through its academic program. You can watch their latest update below.

(Sources: https://newscrypto.io/)

How Will Newscrypto Trade?

Newscrypto (KuCoin: NWCBTC) 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.

NWC will takeout the June 10 peak

NWC will drop below the May 8 low

NWC will stay in a trading range between the May 8 low and the June 10 peak until August 7