Crypto Contest September 28: Avalaunch

Avalaunch (KuCoin: XAVAUSDT) 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, XAVA began a red wave one advance on July 21. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on September 18 and the red wave two (blue sub-waves a-b-c) correction ended on September 26. If this wave count is correct, XAVA should be heading next towards the September 18 peak in the red wave three.

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

Funnymentals

Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. CederNet reviewed the project four months ago.

(Sources: https://avalaunch.app/)

How Will Avalaunch Trade?

Avalaunch (KuCoin: XAVAUSDT) 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.

XAVA will takeout the September 18 peak

XAVA will drop below the July 21 low

XAVA will stay in a trading range between the July 21 low and the September 18 peak until November 5