Crypto Contest June 4: HODL

HODL (PancakeSwap: HODLUSD) 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, HODL began a red wave one advance on May 10. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on May 16 and the red wave two (blue sub-waves a-b-c) correction ended on June 1. If this wave count is correct, HODL should be heading next towards the May 16 peak in the red wave three.

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

Funnymentals

Hodl is a meme project on BNBChain, founded by DAYOU, the founder of ArbDoge which was a successful meme project on Arbitrum that went viral in 2023 and even beat Pepe in the listing vote on OKX. Richidenn made a short song to support the uprise of the new BNB meme project "HODL" which can be found below.

(Sources: https://hodlmeme.io/)

How Will HODL Trade?

HODL (PancakeSwap: HODLUSD) 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

HODL will takeout the May 16 peak

HODL will drop below the May 10 low

HODL will stay in a trading range between the May 10 low and the May 16 peak until July 10