Crypto Contest September 16: Kerosene

Kerosene (Uniswap: KEROSENEUSD) 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, KEROSENE began a red wave one advance on July 7. The red wave one peaked on July 22 and the red wave two correction ended on August 5. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on August 30 and the red wave four (blue sub-waves a-b-c) correction ended on September 6. If this wave count is correct, KEROSENE should be heading next towards the August 30 peak in the red wave five.

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

Funnymentals

The DYAD protocol allows users to mint interest-free stablecoins against collateral types like ETH. Kerosene is a token that lets you mint DYAD against the collateral surplus in the system. Grant interviewed the founder two weeks ago.

(Sources: https://www.dyadstable.xyz/)

How Will Kerosene Trade?

Kerosene (Uniswap: KEROSENEUSD) 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

KEROSENE will takeout the August 30 peak

KEROSENE will drop below the September 6 low

KEROSENE will stay in a trading range between the September 6 low and the August 30 peak until October 22

Posted Using InLeo Alpha