Crypto Contest March 29: Arbitrum

Arbitrum (Binance: ARBUSDT) 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, ARB began a red wave one advance on March 23. The red wave one peaked on March 23 and the red wave two (blue sub-waves a-b-c) correction ended on March 28. If this wave count is correct, ARB should be heading next towards the March 23 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Arbitrum is an Ethereum layer-two (L2) scaling solution. Nick Of Jupiter reviewed the project three days ago.

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

How Will Arbitrum Trade?

Arbitrum (Binance: ARBUSDT) 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.

ARB will takeout the March 23 peak

ARB will drop below the March 23 low

ARB will stay in a trading range between the March 23 low and the March 23 peak until May 5