Crypto Contest September 19: Burn

Burn (PancakeSwap: BURNUSD) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, BURN began a red wave one advance on June 21. The red wave one peaked on June 23 and the red wave two correction ended on July 19. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on August 9 and the red wave four (blue sub-waves a-b-c) correction ended on September 16. If this wave count is correct, BURN should be heading next towards the August 9 peak in the red wave five.

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

Funnymentals

Burn has total supply 21,000,000. Buy and sell tax 3%, dividend 2%, burning 1%, hold 10,000 tokens to participate in the dividend.

(Sources: https://www.burn.foundation/)

How Will Burn Trade?

Burn (PancakeSwap: BURNUSD) daily 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

BURN will takeout the August 9 peak

BURN will drop below the July 19 low

BURN will stay in a trading range between the July 19 low and the August 9 peak until October 25

Posted Using InLeo Alpha