Crypto Contest June 20: Kin

Kin (HitBTC: KINUSD) 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, KIN began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 19, and the red wave two (blue sub-waves a-b-c) correction ended on June 15. If this wave count is correct, KIN should be heading next towards the April 19 peak in the red wave three.

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

Funnymentals

Kin blockchain is built to scale for mass usage and supports an ecosystem-wide digital economy where app developers and mainstream consumers make millions of micro-transactions. You can read their latest monthly report here.

(Sources: https://www.kin.org/)

There is also a lawsuit against the company.

How Will Kin Trade?

Kin (HitBTC: KINUSD) 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.

KIN will takeout the April 19 peak

KIN will drop below the March 13 low

KIN will stay in a trading range between the March 13 low and the April 19 peak until July 25