Crypto Contest August 14: Instadapp

Instadapp (CoinEx: INSTUSDT) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, INST began a red wave one advance on June 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 23 and the red wave two (blue sub-waves a-b-c) correction ended on August 3. If this wave count is correct, INST should be heading next towards the July 23 peak in the red wave three.

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

Zooming out in the daily chart, I believe INST is currently in the red wave three (blue sub-waves iii).

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

Funnymentals

Instadapp is a multi-chain DeFi management platform. You can watch their intro video below.

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

How Will Instadapp Trade?

Instadapp (CoinEx: INSTUSDT) daily 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.

INST will takeout the June 7 peak

INST will drop below the May 18 low

INST will stay in a trading range between the May 18 low and the June 7 peak until September 20