Crypto Contest August 21: Bytom

Bytom (KuCoin: BTMBTC) 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, BTM began a red wave one advance on July 2. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 13, and the red wave two (blue sub-waves a-b-c) correction ended on August 6. If this wave count is correct, BTM should be heading next towards the July 13 peak in the red wave three.

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

Funnymentals

Bytom Blockchain project was launched to develop a protocol that could tokenize assets from the physical world and represent them in the digital world on a decentralized network. You can read their latest weekly report here.

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

How Will Bytom Trade?

Bytom (KuCoin: BTMBTC) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

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.

BTM will takeout the July 13 peak

BTM will drop below the July 2 low

BTM will stay in a trading range between the July 2 low and the July 13 peak until September 26