Crypto Contest May 2: DigitalBits

DigitalBits (KuCoin: XDBUSDT) 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, XDB began a red wave one advance on October 31, 2020. The red wave one peaked on December 7, 2020 and the red wave two correction ended on January 3 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on March 13 and the red wave four (blue sub-waves a-b-c) correction ended on April 22. If this wave count is correct, XDB should be heading next towards the March 13 peak in the red wave five.

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

Funnymentals

DigitalBits is a protocol layer blockchain designed to support consumer digital assets, specifically brand currencies. You can watch their latest quarterly update below.

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

How Will DigitalBits Trade?

DigitalBits (KuCoin: XDBUSDT) 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.

XDB will takeout the March 13 peak

XDB will drop below the February 25 low

XDB will stay in a trading range between the February 25 low and the March 13 peak until June 8