Crypto Contest June 16: Nimiq

Nimiq (KuCoin: NIMBTC) 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, NIM began a red wave one advance on May 23. The red wave one finished on May 26, and the red wave two correction ended on May 31. The red wave three advance finished on June 10, and the red wave four correction ended on June 14. If this wave count is correct, NIM should be heading next towards the June 10 peak in the red wave five.

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

Zooming out in the weekly chart, I believe NIM is currently in the red wave three. The red wave three began on May 23.

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

Funnymentals

Nimiq is a browser-based blockchain designed for simplicity. Coin Bureau reviewed the project late last year.

(Sources: https://www.nimiq.com/)

How Will Nimiq Trade?

Nimiq (KuCoin: NIMBTC) 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.

NIM will takeout the June 10 peak

NIM will drop below the May 31 low

NIM will stay in a trading range between the May 31 low and the June 10 peak until July 21