Crypto Contest August 14: PlatON Network

PlatON Network (OKX: LATUSDT) 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, LAT began a red wave one advance on July 25. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 27 and the red wave two (blue sub-waves a-b-c) correction ended on August 5. If this wave count is correct, LAT should be heading next towards the July 27 peak in the red wave three.

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

Funnymentals

PlatON is an open financial infrastructure with privacy-preserving computation as its technical feature. You can find their latest monthly report here.

(Sources: https://www.platon.network/)

How Will PlatON Network Trade?

PlatON Network (OKX: LATUSDT) 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

LAT will takeout the July 27 peak

LAT will drop below the July 25 low

LAT will stay in a trading range between the July 25 low and the July 27 peak until September 19

Posted Using InLeo Alpha