Crypto Contest September 16: TrustSwap

TrustSwap (Poloniex: SWAPUSD) 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, SWAP began a red wave one advance on July 14. The red wave one finished on July 29, and the red wave two correction ended on August 1. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on August 19, and the red wave four (blue sub-waves a-b-c) correction ended on September 5. If this wave count is correct, SWAP should be heading next towards the August 19 peak in the red wave five.

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

Funnymentals

Trustswap is an easy way for you and anyone in the world to make safe cryptocurrency transactions together. Josh Cross - DeFi NOW covered some of the latest news two days ago.

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

How Will TrustSwap Trade?

TrustSwap (Poloniex: SWAPUSD) 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.

SWAP will takeout the August 19 peak

SWAP will drop below the August 5 low

SWAP will stay in a trading range between the August 5 low and the August 19 peak until October 22