Crypto Contest September 13: Handshake

Handshake (Bittrex: HNSUSD) 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, HNS began a red wave one advance on July 10. The red wave one finished on July 15, and the red wave two correction ended on July 28. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on August 18, and the red wave four (blue sub-waves a-b-c) correction ended on September 3. If this wave count is correct, HNS should be heading next towards the August 18 peak in the red wave five.

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

Funnymentals

Handshake is a decentralized, permissionless naming protocol where every peer is validating and in charge of managing the root DNS naming zone with the goal of creating an alternative to existing Certificate Authorities and naming systems. Thint reviewed the project earlier this year.

(Sources: https://handshake.org/)

How Will Handshake Trade?

Handshake (Bittrex: HNSUSD) 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.

HNS will takeout the August 18 peak

HNS will drop below the July 28 low

HNS will stay in a trading range between the July 28 low and the August 18 peak until October 19