Crypto Contest June 2: Contentos

Contentos (Binance: COSUSDT) 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, COS began a red wave one advance on May 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 26, and the red wave two (blue sub-waves a-b-c) correction ended on May 31. If this wave count is correct, COS should be heading next towards the May 26 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Zooming out in the four-hour chart, I believe COS is currently in the red wave three (blue sub-wave iii). The red wave three began on May 21. (Chart courtesy of Tradingview.com (log scale))

Looking at the daily chart, COS is most likely in the red wave three (blue sub-wave iii). The red wave three began on May 10. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Contentos is a decentralized content ecosystem. You can read their latest monthly report here. (Sources: https://www.contentos.io/)

How Will Contentos Trade?

Contentos (Binance: COSUSDT) 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.

COS will takeout the May 26 peak

COS will drop below the May 21 low

COS will stay in a trading range between the May 21 low and the May 26 peak until July 7

Posted Using LeoFinance