Crypto Contest August 5: Telos

Telos (Huobi: TLOSUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, TLOS began a red wave one advance on July 26. 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 2. If this wave count is correct, TLOS should be heading next towards the July 30 peak in the red wave three.

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

Funnymentals

Telos is a high performance L1 and the home to the fastest EVM. James Pelton interviewed Jesse Schulman from Telos three weeks ago.

(Sources: https://www.telos.net/)

How Will Telos Trade?

Telos (Huobi: TLOSUSDT) four-hour 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.

TLOS will takeout the July 30 peak

TLOS will drop below the July 26 low

TLOS will stay in a trading range between the July 26 low and the July 30 peak until September 11