Crypto Contest August 23: PlutusDeFi

PlutusDeFi (KuCoin: PLTUSDT) 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, PLT began a red wave one advance on August 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 18, and the red wave two (blue sub-waves a-b-c) correction ended on August 22. If this wave count is correct, PLT should be heading next towards the August 18 peak in the red wave three.

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

Funnymentals

PlutusDeFi is a full-stack DeFi aggregator, plugging in multiple products and DeFi applications into one single platform, focusing on user experience, design, privacy and anonymity. Boxmining reviewed the project last month.

(Sources: https://plutusdefi.com/)

How Will PlutusDeFi Trade?

PlutusDeFi (KuCoin: PLTUSDT) four-hour 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.

PLT will takeout the August 18 peak

PLT will drop below the August 7 low

PLT will stay in a trading range between the August 7 low and the August 18 peak until September 28