Crypto Contest July 7: HiveSwap

HiveSwap (Gate.io: HIVPUSDT) 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, HIVP began a red wave one advance on July 4. The red wave one peaked on July 4 and the red wave two (blue sub-waves a-b-c) correction ended on July 5. If this wave count is correct, HIVP should be heading next towards the July 4 peak in the red wave three.

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

Funnymentals

Hiveswap is the "No.1" swap in the Bitcoin ecosystem, providing liquidity services for assets in the Bitcoin ecosystem. TAHSIN GAMING YT reviewed the project four days ago.

https://www.youtube.com/live/oeIWVYD2E8Y?si=wz7d-Awvez2xaRiF

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

How Will HiveSwap Trade?

HiveSwap (Gate.io: HIVPUSDT) 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

HIVP will takeout the July 4 peak

HIVP will drop below the July 4 low

HIVP will stay in a trading range between the July 4 low and the July 4 peak until August 12

Posted Using InLeo Alpha