Crypto Contest August 7: Habibi (Sol)

Habibi (Raydium: HABIBIUSD) 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, HABIBI began a red wave one advance on March 30. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 8 and the red wave two (blue sub-waves a-b-c) correction ended on August 6. If this wave count is correct, HABIBI should be heading next towards the June 8 peak in the red wave three.

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

Funnymentals

Habibi is a "popular" luxury memecoin on Sol, crafted for Sheikhs and Elite investors. KatochXcrypto reviewed the project one month ago.

https://youtu.be/30pWXgAuFV0?si=h7Sp6jJPaV2LI35U

(Sources: https://habibi.xyz/)

How Will Habibi Trade?

Habibi (Raydium: HABIBIUSD) 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

HABIBI will takeout the June 8 peak

HABIBI will drop below the August 6 low

HABIBI will stay in a trading range between the August 6 low and the June 8 peak until September 12