Crypto Contest August 29: Ethereum Mini

Ethereum Mini (Bittrex: ETMUSDT) 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, ETM began a red wave one advance on August 16. The red wave one peaked on August 17 and the red wave two (blue sub-waves a-b-c) correction ended on August 23. If this wave count is correct, ETM should be heading next towards the August 17 peak in the red wave three.

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

Funnymentals

ETM creates a new form of financial services that incorporate traditional finance + DeFi structure. You can find their whitepaper here.

(Sources: https://ethmini.io/)

How Will Ethereum Mini Trade?

Ethereum Mini (Bittrex: ETMUSDT) 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.

ETM will takeout the August 17 peak

ETM will drop below the August 16 low

ETM will stay in a trading range between the August 16 low and the August 17 peak until October 5