Crypto Contest August 22: Waves Enterprise

Waves Enterprise (KuCoin: WESTUSDT) 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, WEST began a red wave one advance on August 2. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 17, and the red wave two (blue sub-waves a-b-c) correction ended on August 21. If this wave count is correct, WEST should be heading next towards the August 17 peak in the red wave three.

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

Funnymentals

Waves Enterprise is a hybrid blockchain that combines the advantages of both private and public permissioned blockchain technologies. You can read their latest news here.

(Sources: https://wavesenterprise.com/)

How Will Waves Enterprise Trade?

Waves Enterprise (KuCoin: WESTUSDT) daily 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.

WEST will takeout the August 17 peak

WEST will drop below the August 2 low

WEST will stay in a trading range between the August 2 low and the August 17 peak until September 27

Posted Using LeoFinance