Crypto Contest July 15: Tokemak

Tokemak (Gate.io: TOKEUSDT) 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, TOKE began a red wave one advance on July 1. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 8 and the red wave two (blue sub-waves a-b-c) correction ended on July 12. If this wave count is correct, TOKE should be heading next towards the July 8 peak in the red wave three.

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

Funnymentals

Tokemak is a decentralized liquidity providing/market making protocol designed to create efficient, sustainable liquidity across DeFi. Justin Bram reviewed the project eight months ago.

(Sources: https://www.tokemak.xyz/)

How Will Tokemak Trade?

Tokemak (Gate.io: TOKEUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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.

TOKE will takeout the July 8 peak

TOKE will drop below the July 1 low

TOKE will stay in a trading range between the July 1 low and the July 8 peak until August 21