Crypto Contest November 8: TEMCO

TEMCO (Bittrex: TEMCOUSD) 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, TEMCO began a red wave one advance on April 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 14 and the red wave two correction ended on September 9. The red wave three (blue sub-wave i) finished on October 7 and the blue sub-wave ii correction ended on October 31. If this wave count is correct, TEMCO should be heading next towards the October 7 peak in the red wave three (blue sub-wave iii).

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

Funnymentals

TEMCO is a blockchain based supply chain data management and e-commerce open market platform. You can watch their intro video below.

(Sources: https://www.temco.io/)

How Will TEMCO Trade?

TEMCO (Bittrex: TEMCOUSD) 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.

TEMCO will takeout the October 7 peak

TEMCO will drop below the September 24 low

TEMCO will stay in a trading range between the September 24 low and the October 7 peak until December 15