Crypto Contest April 2: UniLayer

UniLayer (KuCoin: LAYERUSDT) 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, LAYER began a red wave one advance on March 25. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 27 and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, LAYER should be heading next towards the March 27 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Unilayer is a "new generation pro trading" platform built on top of Uniswap that provides the tools for professional-level trading. Cryptopedia reviewed the project two weeks ago.

(Sources: https://unilayer.com/)

How Will UniLayer Trade?

UniLayer (KuCoin: LAYERUSDT) four-hour 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.

LAYER will takeout the March 27 peak

LAYER will drop below the March 25 low

LAYER will stay in a trading range between the March 25 low and the March 27 peak until May 9

Posted Using LeoFinance ^Beta