Crypto Contest August 25: GoChain

GoChain (Binance: GOUSD) 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, GO began a red wave one advance on March 13. The red wave one finished on April 7, and the red wave two correction ended on April 21. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on June 23, and the red wave four (blue sub-waves a-b-c) correction ended on July 27. If this wave count is correct, GO should be heading next towards the June 23 peak in the red wave five.

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

Funnymentals

GoChain is a decentralized blockchain network that uses Proof of Reputation as a consensus model to support smart contracts and distributed applications. The project aims 100% compatibility with Ethereum wallets, smart contracts and other tools. You can watch their latest update below.

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

How Will GoChain Trade?

GoChain (Binance: GOUSD) 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.

GO will takeout the June 23 peak

GO will drop below the July 27 low

GO will stay in a trading range between the July 27 low and the June 23 peak until September 30