Crypto Contest August 17: Neon EVM

Neon EVM (Bybit: NEONUSDT) 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, NEON began a red wave one advance on July 17. The red wave one peaked on July 17 and the red wave two (blue sub-waves a-b-c) correction ended on August 7. If this wave count is correct, NEON should be heading next towards the July 17 peak in the red wave three.

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

Funnymentals

Neon is an Ethereum Virtual Machine with the scalability and liquidity of Solana. Degen Kid reviewed the project four weeks ago.

(Sources: https://neonevm.org/)

How Will Neon EVM Trade?

Neon EVM (Bybit: NEONUSDT) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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

NEON will takeout the July 17 peak

NEON will drop below the July 17 low

NEON will stay in a trading range between the July 17 low and the July 17 peak until September 22