Crypto Contest October 6: LCX

LCX (HitBTC: LCXUSD) 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, LCX began a red wave one advance in December 2019. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 10 this year, and the red wave two (blue sub-waves a-b-c) correction ended on September 27. If this wave count is correct, LCX should be heading next towards the August 10 peak in the red wave three.

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

Funnymentals

LCX, Liechtenstein Cryptoassets Exchange, aims to become one of the world’s first licensed and supervised security token exchanges. You can watch the company overview below.

(Sources: https://www.lcx.com/)

How Will LCX Trade?

LCX (HitBTC: LCXUSD) 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.

LCX will takeout the August 10 peak

LCX will drop below the June 12 low

LCX will stay in a trading range between the June 12 low and the August 10 peak until November 12