Crypto Contest May 18: Hive

Hive (Huobi: HIVEUSDT) 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, HIVE began a red wave one advance on April 24. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 26, and the red wave two (blue sub-waves a-b-c) correction ended on May 10. If this wave count is correct, HIVE should be heading next towards the April 26 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

You can find the latest daily stats from @penguinpablo below.

(Sources: https://hive.blog/hive-133987/@penguinpablo/daily-hive-stats-report-monday-may-18-2020)

How Will Hive Trade?

Hive (Huobi: HIVEUSDT) 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.

HIVE will takeout the April 26 peak

HIVE will drop below the April 24 low

HIVE will stay in a trading range between the April 24 low and the April 26 peak until June 22

Posted Using LeoFinance