Crypto Contest July 8: Optimism

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Optimism (Binance: OPUSDT) 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, OP began a red wave one advance on June 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 25 and the red wave two (blue sub-waves a-b-c) correction ended on July 2. If this wave count is correct, OP should be heading next towards the June 25 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Optimism is a layer-two blockchain on top of Ethereum. Crypto Investor reviewed the project one week ago.

(Sources: https://www.optimism.io/)

How Will Optimism Trade?

Optimism (Binance: OPUSDT) 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.

OP will takeout the June 25 peak

OP will drop below the June 18 low

OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

Posted Using LeoFinance Beta

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38 comments
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OP will takeout the June 25 peak

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OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

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OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

!WINE
!hivebits
!BBH
!CTP
!ENGAGE 100
!PIZZA
!LOLZ
!LUV
!BEER

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!WINE
!hivebits
!BBH
!CTP
!ENGAGE 100
!PIZZA
!LOLZ
!LUV
!BEER

Posted Using LeoFinance Beta

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Stack more then 1000 BBH Tokens at you account to use this feature.

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You need to stack more BBH (Each 1000 BBH in your wallet allows you to send 1 BBH per day)

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OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

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0
0.000
Reply
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OP will drop below the June 18 low

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0
0.000
Reply
avatar

OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

0
0
0.000
Reply
avatar

OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

0
0
0.000
Reply
avatar

OP will stay in a trading range between the June 18 low and the June 25 peak until August 14

0
0
0.000
Reply