Crypto Contest October 30: Injective Protocol

Injective Protocol (Binance: INJUSDT) 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, INJ began a red wave one advance on October 21. The red wave one finished on October 21 and the red wave two (blue sub-waves a-b-c) correction ended on October 29. If this wave count is correct, INJ should be heading next towards the October 21 peak in the red wave three.

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

Funnymentals

Injective Protocol is a layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi. Coin Bureau reviewed the project one week ago.

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

How Will Injective Protocol Trade?

Injective Protocol (Binance: INJUSDT) 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.

INJ will takeout the October 21 peak

INJ will drop below the October 21 low

INJ will stay in a trading range between the October 21 low and the October 21 peak until December 6