Crypto Contest May 30: Qredo

Qredo (KuCoin: QRDOUSDT) 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, QRDO began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 13 and the red wave two (blue sub-waves a-b-c) correction ended on May 27. If this wave count is correct, QRDO should be heading next towards the May 13 peak in the red wave three.

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

Funnymentals

Qredo has pioneered the first decentralized trustless multi-party computation custodial network. This advancement enables Qredo to offer decentralized custody, native cross-chain swaps, and cross-platform liquidity access. The Brutal Investor reviewed the project two weeks ago.

(Sources: https://www.qredo.com/)

How Will Qredo Trade?

Qredo (KuCoin: QRDOUSDT) 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.

QRDO will takeout the May 13 peak

QRDO will drop below the May 12 low

QRDO will stay in a trading range between the May 12 low and the May 13 peak until July 6