Crypto Contest October 17: New BitShares

New BitShares (Binance: NBSUSDT) 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, NBS began a red wave one advance on October 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 8, and the red wave two (blue sub-waves a-b-c) correction ended on October 16. If this wave count is correct, NBS should be heading next towards the October 8 peak in the red wave three.

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

Funnymentals

New Bitshares is a blockchain based on the infrastructure of Bitshares. To address the governance issues of the BTS community, the China BitShares Association reviewed the situation and forked BTS, with a new development plan and the new team to realize the vision of Bitshares. You can watch their intro video below.

(Sources: https://nbs.plus/)

How Will NBS Trade?

New BitShares (Binance: NBSUSDT) 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.

NBS will takeout the October 8 peak

NBS will drop below the October 7 low

NBS will stay in a trading range between the October 7 low and the October 8 peak until November 23