Crypto Contest May 24: FLETA

FLETA (Bithumb: FLETAKRW) 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, FLETA began a red wave one advance on May 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 17, and the red wave two (blue sub-waves a-b-c) correction ended on May 21. If this wave count is correct, FLETA should be heading next towards the May 17 peak in the red wave three.

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

Zooming out in the daily chart, I believe FLETA is currently in the red wave three (blue sub-wave iii). The red wave three began on May 11.

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

Funnymentals

FLETA's technology stack includes an independent multi-chain structure, block redesign, LEVEL Tree validation, parallel sharding, and a proprietary consensus algorithm (Proof-of-Formulation - PoF).

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

How Will FLETA Trade?

FLETA (Bithumb: FLETAKRW) 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.

FLETA will takeout the May 17 peak

FLETA will drop below the May 11 low

FLETA will stay in a trading range between the May 11 low and the May 17 peak until June 28