Crypto Contest May 31: EOS Force

EOS Force (KuCoin: EOSCUSDT) 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, EOSC began a red wave one advance on April 23. The red wave one peaked on April 28 and the red wave two correction ended on May 8. The red wave three (blue sub-waves i-ii-iii-iv-v) peaked on May 12 and the red wave four (blue sub-waves a-b-c) correction ended on May 22. If this wave count is correct, EOSC should be heading next towards the May 12 peak in the red wave five.

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

Zooming out in the daily chart, I believe EOSC is currently in the red wave three. The red wave one began on January 11 and the red wave two correction ended on April 23.

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

Funnymentals

Based on different governance concepts, the EOSC community has optimized the election mechanism of EOSIO and launched the EOSC mainnet. You can read their latest weekly report here.

(Sources: https://en.eosforce.io/)

How Will EOS Force Trade?

EOS Force (KuCoin: EOSCUSDT) 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.

EOSC will takeout the May 12 peak

EOSC will drop below the April 23 low

EOSC will stay in a trading range between the April 23 low and the May 12 peak until July 7