Crypto Contest September 2: Moonriver

Moonriver (Kraken: MOVRUSD) 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, MOVR began a red wave one advance on August 27. The red wave one peaked on August 27 and the red wave two correction ended on August 27. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on August 31 and the red wave four (blue sub-waves a-b-c) correction ended on September 1. If this wave count is correct, MOVR should be heading next towards the August 31 peak in the red wave five.

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

Funnymentals

Moonriver is a smart-contract parachain on Kusama that provides compatibility with the existing Ethereum developer toolchain and network. The Brutal Investor reviewed the project three days ago.

(Sources: https://moonbeam.network/networks/moonriver/)

How Will Moonriver Trade?

Moonriver (Kraken: MOVRUSD) 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.

MOVR will takeout the August 31 peak

MOVR will drop below the August 27 low

MOVR will stay in a trading range between the August 27 low and the August 31 peak until October 9