Crypto Contest June 5: Jupiter

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Jupiter (Uniswap: JUPWETH) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, JUP began a red wave one advance on December 11, 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 22 this year and the red wave two (blue sub-waves a-b-c) correction ended on May 23. If this wave count is correct, JUP should be heading next towards the March 22 peak in the red wave three.

(Chart courtesy of (log scale))


The Jupiter Project aims to make blockchain accessible and safe for everyone. You can read their latest update here.


How Will Jupiter Trade?

Jupiter (Uniswap: JUPWETH) daily chart by Tradingview.

(Chart courtesy of (log scale))


I will be giving upvotes to the correct answers with minimum reputation of 25.


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.

JUP will takeout the March 22, 2021 peak

JUP will drop below the December 11, 2020 low

JUP will stay in a trading range between the December 11, 2020 low and the March 22, 2021 peak until July 12

Posted Using LeoFinance Beta