Crypto Contest August 29: Observer

Observer (Bithumb: OBSRKRW) 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, OBSR began a red wave one advance on June 14. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 30 and the red wave two (blue sub-waves a-b-c) correction ended on August 22. If this wave count is correct, OBSR should be heading next towards the July 30 peak in the red wave three.

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

Funnymentals

Observer aims to address problems with climate information collection in the retail level to provide hyperlocal weather information in South East Asia. You can find their one pager below.

(Sources: https://www.obsr.org/)

How Will Observer Trade?

Observer (Bithumb: OBSRKRW) 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.

OBSR will takeout the July 30 peak

OBSR will drop below the June 14 low

OBSR will stay in a trading range between the June 14 low and the July 30 peak until October 5