Crypto Contest May 3: Kusama

Kusama (KuCoin: KSMBTC) 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, KSM began a wave one advance on March 12. The blue wave one finished on March 14, and the blue wave two correction ended on March 17. The blue wave three advance finished on April 24, and the blue wave four correction ended on April 30. If this wave count is correct, KSM should be heading next towards the April 24 peak in the blue wave five. (Chart courtesy of Tradingview.com (log scale))

Zooming out in the daily chart, I believe KSM is currently in the red wave three (blue sub-wave v). The red wave three began on March 12. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Kusama is an early, unaudited, and unrefined release of Polkadot. Bruno Škvorc reviewed the project back in February this year.

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

How Will Kusama Trade?

Kusama (KuCoin: KSMBTC) 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.

KSM will takeout the April 24 peak

KSM will drop below the March 12 low

KSM will stay in a trading range between the March 12 low and the April 24 peak until June 6

Posted Using LeoFinance