Crypto Contest June 3: Konnect

Konnect (Huobi: KCTUSDT) 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, KCT began a red wave one advance on May 26. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 26 and the red wave two (blue sub-waves a-b-c) correction ended on May 29. If this wave count is correct, KCT should be heading next towards the May 26 peak in the red wave three.

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

Funnymentals

Konnect disrupts the pyramid structure of duty-free business, gamifies the process of distribution, selection, and reselling activities through blockchain and NFT. Crypto Opinion reviewed the project yesterday.

(Sources: https://konnect.finance/)

How Will Konnect Trade?

Konnect (Huobi: KCTUSDT) 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.

KCT will takeout the May 26 peak

KCT will drop below the May 26 low

KCT will stay in a trading range between the May 26 low and the May 26 peak until July 10