Crypto Contest May 15: Covenant

Covenant (Bittrex: COVNUSDT) has broken out of the triangle pattern in the daily chart. (Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, COVN began a red wave one advance on February 23. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 3 and the red wave two (blue sub-waves a-b-c) correction ended on April 22. If this wave count is correct, COVN should be heading next towards the April 3 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

Covenant Child is a strategic RPG decentralized P2E blockchain game service. You can find their whitepaper here. (Sources: https://covenantchild.io/)

How Will Covenant Trade?

Covenant (Bittrex: COVNUSDT) daily 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.

COVN will takeout the April 3 peak

COVN will drop below the February 23 low

COVN will stay in a trading range between the February 23 low and the April 3 peak until June 21

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