Crypto Contest July 16: Step Finance

Step Finance (Kraken: STEPUSD) 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, STEP began a red wave one advance in November 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in February this year and the red wave two (blue sub-waves a-b-c) correction ended on June 11. If this wave count is correct, STEP should be heading next towards the February peak in the red wave three.

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

Funnymentals

Step Finance is the front page of Solana. You can listen their latest community call below.

(Sources: https://www.step.finance/)

How Will Step Finance Trade?

Step Finance (Kraken: STEPUSD) 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

STEP will takeout the February 2023 peak

STEP will drop below the November 2022 low

STEP will stay in a trading range between the November 2022 low and the February 2023 peak until August 21