Crypto Contest May 17: VeriCoin

VeriCoin (Bittrex: VRCBTC) 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, VRC began a red wave one advance on January 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 24, and the red wave two (blue sub-waves a-b-c) correction ended on March 13. If this wave count is correct, VRC should be heading next towards the January 24 peak in the red wave three.

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

Funnymentals

VeriCoin describes itself as purely a digital currency that runs on its own protocol known as Proof-of-Stake-Time. You can watch their latest hangout below.

(Sources: https://vericoin.info/)

How Will VeriCoin Trade?

VeriCoin (Bittrex: VRCBTC) 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.

VRC will takeout the January 24 peak

VRC will drop below the January 7 low

VRC will stay in a trading range between the January 7 low and the January 24 peak until June 21