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Crypto Contest June 17: Superbid

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Markus Aarnio
@maarnio
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Superbid (Uniswap: SUPERBIDWETH) 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, SUPERBID began a red wave one advance on May 23. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 3 and the red wave two (blue sub-waves a-b-c) correction ended on June 16. If this wave count is correct, SUPERBID should be heading next towards the June 3 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Zooming out in the daily chart, I believe SUPERBID is currently in the red wave five (blue sub-wave iii). The red wave one began on February 19 and the red wave four correction ended on May 23. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Superbid is a social auction app connecting fans with thousands of influencer led auctions. You can watch their latest AMA below.

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

How Will Superbid Trade?

Superbid (Uniswap: SUPERBIDWETH) 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.

SUPERBID will takeout the June 3 peak

SUPERBID will drop below the May 23 low

SUPERBID will stay in a trading range between the May 23 low and the June 3 peak until July 24

Posted Using LeoFinance Beta