Crypto Contest May 12: ArdCoin

ArdCoin (Bittrex: ARDXUSD) 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, ARDX began a red wave one advance on May 4. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 7 and the red wave two (blue sub-waves a-b-c) correction ended on May 11. If this wave count is correct, ARDX should be heading next towards the May 7 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

ArdCoin describes itself as a blockchain-based loyalty program that has been integrated into a mobile wallet, which it claims is backed by existing financial infrastructure. You can read their whitepaper here. (Sources: https://ardcoin.com/)

How Will ArdCoin Trade?

ArdCoin (Bittrex: ARDXUSD) 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.

ARDX will takeout the May 7 peak

ARDX will drop below the May 4 low

ARDX will stay in a trading range between the May 4 low and the May 7 peak until June 18

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