Crypto Contest May 29: IRISnet

IRISnet (Huobi: IRISBTC) 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, IRIS began a red wave one advance on May 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 23, and the red wave two (blue sub-waves a-b-c) correction ended on May 28. If this wave count is correct, IRIS should be heading next towards the May 23 peak in the red wave three.

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

Funnymentals

IRISnet is the foundation for next-gen DApps. You can read their latest bi-weekly report here.

(Sources: https://www.irisnet.org/)

How Will IRISnet Trade?

IRISnet (Huobi: IRISBTC) 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.

IRIS will takeout the May 23 peak

IRIS will drop below the May 18 low

IRIS will stay in a trading range between the May 18 low and the May 23 peak until July 3

Posted Using LeoFinance