Crypto Contest July 18: zkLend

zkLend (Bybit: ZENDUSDT) 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, ZEND began a red wave one advance on June 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 29 and the red wave two (blue sub-waves a-b-c) correction ended on July 9. If this wave count is correct, ZEND should be heading next towards the June 29 peak in the red wave three.

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

Funnymentals

zkLend is an L2 money-market protocol built on StarkNet, combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security. You can find their latest bi-weekly report here.

(Sources: https://zklend.com/)

How Will zkLend Trade?

zkLend (Bybit: ZENDUSDT) 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

ZEND will takeout the June 29 peak

ZEND will drop below the June 22 low

ZEND will stay in a trading range between the June 22 low and the June 29 peak until August 23

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