Crypto Contest April 4: Smaugs NFT

Smaugs NFT (Gate.io: SMGUSDT) 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, SMG began a red wave one advance on August 31, 2021. The red wave one peaked on August 31, 2021 and the red wave two (blue sub-waves a-b-c) correction ended on March 15. If this wave count is correct, SMG should be heading next towards the August 31, 2021 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Smaugs NFT is a multi-chain launchpad for Gamefi, Metaverse, Defi & NFT projects. CRYPTO BULL reviewed the project earlier this year.

(Sources: https://www.smaugs.com/)

How Will Smaugs NFT Trade?

Smaugs NFT (Gate.io: SMGUSDT) 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.

SMG will takeout the August 31, 2021 peak

SMG will drop below the August 31, 2021 low

SMG will stay in a trading range between the August 31, 2021 low and the August 31, 2021 peak until May 12