Crypto Contest August 1: Rally

Rally (Coinbase: RLYUSD) 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, RLY began a red wave one advance on June 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 8 and the red wave two (blue sub-waves a-b-c) correction ended on July 26. If this wave count is correct, RLY should be heading next towards the July 8 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

Rally is a social token-oriented protocol that allows creators to launch their own token and build a digital economy around their work. Matthew Hall reviewed the project five months ago.

(Sources: https://rly.network/)

How Will Rally Trade?

Rally (Coinbase: RLYUSD) 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.

RLY will takeout the July 8 peak

RLY will drop below the June 18 low

RLY will stay in a trading range between the June 18 low and the July 8 peak until September 7

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