Crypto Contest July 22: Cloud

Cloud (Kraken: CLOUDUSD) 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, CLOUD began a red wave one advance on July 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 19 and the red wave two (blue sub-waves a-b-c) correction ended on July 22. If this wave count is correct, CLOUD should be heading next towards the July 19 peak in the red wave three.

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

Funnymentals

Say hello to the infinite-LST future. Austin chatted with FP Lee (Sanctum) about the liquid staking landscape on Solana three weeks ago.

(Sources: https://www.sanctum.so/)

How Will Cloud Trade?

Cloud (Kraken: CLOUDUSD) 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

CLOUD will takeout the July 19 peak

CLOUD will drop below the July 19 low

CLOUD will stay in a trading range between the July 19 low and the July 19 peak until August 27

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