Crypto Contest May 9: BABB

BABB (KuCoin: BAXETH) 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, BAX began a wave one advance in October 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2019, and the red wave two (blue sub-waves a-b-c) correction ended in April this year. If this wave count is correct, BAX should be heading next towards the December 2019 peak in the red wave three.

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

Funnymentals

BABB is using blockchain technology to bypass traditional banking networks and expensive 3rd parties to facilitate borderless fundraising and P2P transactions. You can read their latest newsletter here.

(Sources: https://getbabb.com/)

How Will BABB Trade?

BABB (KuCoin: BAXETH) 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.

BAX will takeout the April 2 peak

BAX will drop below the April 20 low

BAX will stay in a trading range between the April 20 low and the April 2 peak until June 13