Crypto Contest August 13: BarnBridge

BarnBridge (Binance: BONDUSD) 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, BOND began a red wave one advance on July 30. The red wave three peaked on August 8 and the red wave four correction ended on August 12. If this wave count is correct, BOND should be heading next towards the August 8 peak in the red wave five.

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

Zooming out in the four-hour chart, I believe BOND is currently in the red wave three (blue sub-wave five). The red wave one began on July 20 and the red wave two correction ended on July 30.

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

Funnymentals

BarnBridge is a tokenized risk protocol. bfresh reviewed the project last month.

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

How Will BarnBridge Trade?

BarnBridge (Binance: BONDUSD) 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.

BOND will takeout the August 8 peak

BOND will drop below the July 20 low

BOND will stay in a trading range between the July 20 low and the August 8 peak until September 19