Crypto Contest July 27: Ethscriptions

Ethscriptions (Gate.io: ETHSUSDT) 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, ETHS began a red wave one advance on July 13. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 21 and the red wave two (blue sub-waves a-b-c) correction ended on July 25. If this wave count is correct, ETHS should be heading next towards the July 21 peak in the red wave three.

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

Funnymentals

Ethscriptions are a "new" way of creating and sharing digital artifacts on Ethereum using transaction calldata. You can meet the team below.

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

How Will Ethscriptions Trade?

Ethscriptions (Gate.io: ETHSUSDT) 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

ETHS will takeout the July 21 peak

ETHS will drop below the July 13 low

ETHS will stay in a trading range between the July 13 low and the July 21 peak until September 1

Posted Using InLeo Alpha