Crypto Contest July 1: OneLedger

OneLedger (KuCoin: OLTETH) has broken out of the triangle pattern in the weekly chart. (Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, OLT began a red wave one advance in May 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2019, and the red wave two (blue sub-waves a-b-c) correction ended in May this year. If this wave count is correct, OLT should be heading next towards the September 2019 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

OneLedger is a Blockchain as a Service (BaaS) Solutions company, that uses its own Blockchain technology to support its customer’s blockchain needs. CYT-Crypto reviewed the project four months ago.

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

How Will OneLedger Trade?

OneLedger (KuCoin: OLTETH) 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.

OLT will takeout the May 19 peak

OLT will drop below the May 31 low

OLT will stay in a trading range between the May 31 low and the May 19 peak until August 5

Posted Using LeoFinance