Crypto Contest July 25: Fasttoken

Fasttoken (CRYPTO: FTNUSD) 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, FTN began a red wave one advance on July 1. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 14 and the red wave two (blue sub-waves a-b-c) correction ended on July 22. If this wave count is correct, FTN should be heading next towards the July 14 peak in the red wave three.

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

Funnymentals

FTN is the native currency of Bahamut blockchain, a public EVM-based layer 1 solution with a novelty consensus called Proof of Stake and Activity (PoSA). Tech Hustler reviewed the project two months ago.

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

How Will Fasttoken Trade?

Fasttoken (CRYPTO: FTNUSD) 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

FTN will takeout the July 14 peak

FTN will drop below the July 1 low

FTN will stay in a trading range between the July 1 low and the July 14 peak until August 30

Posted Using InLeo Alpha