Crypto Contest July 8: Optimism

Optimism (Binance: OPUSDT) 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, OP began a red wave one advance on June 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 25 and the red wave two (blue sub-waves a-b-c) correction ended on July 2. If this wave count is correct, OP should be heading next towards the June 25 peak in the red wave three.

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

Funnymentals

Optimism is a layer-two blockchain on top of Ethereum. Crypto Investor reviewed the project one week ago.

(Sources: https://www.optimism.io/)

How Will Optimism Trade?

Optimism (Binance: OPUSDT) four-hour 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.

OP will takeout the June 25 peak

OP will drop below the June 18 low

OP will stay in a trading range between the June 18 low and the June 25 peak until August 14