Crypto Contest April 27: Ampleforth Governance Token

Ampleforth Governance Token (Coinbase: FORTHUSD) 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, FORTH began a red wave one advance on April 21. The red wave one peaked on April 21 and the red wave two (blue sub-waves a-b-c) correction ended on April 23. If this wave count is correct, FORTH should be heading next towards the April 21 peak in the red wave three.

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

Funnymentals

FORTH is the native governance token that powers Ampleforth, a protocol that automatically adjusts the supply of its native token, AMPL, in response to demand. 333 Crypto reviewed the token yesterday.

(Sources: https://www.ampleforth.org/)

How Will Ampleforth Governance Token Trade?

Ampleforth Governance Token (Coinbase: FORTHUSD) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

FORTH will takeout the April 21 peak

FORTH will drop below the April 21 low

FORTH will stay in a trading range between the April 21 low and the April 21 peak until June 3