Crypto Contest November 1: adToken

adToken (ADTUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, adToken began a wave one advance on July 16. The wave one finished on August 12, and the wave two correction ended on October 24. If this wave count is correct, adToken should be heading next towards the August 12 peak in the wave three.

(Chart courtesy of Tradingview.com)

One can see the blue sub-waves better in the line chart.

(Chart courtesy of Tradingview.com)

Funnymentals

adToken is described as:

adChain is a browser agnostic Ethereum based solution for digital advertising that seamlessly integrates with pre-existing RTB and programmatic industry standards.

(Source: https://adtoken.com/)

If you think this analysis is correct, upvote this post and upvote the comment "adToken will takeout the August 12 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "adToken will drop below the July 16 low".

If you think adToken is in a range, upvote this post and upvote the comment "adToken will stay in a trading range between the July 16 low and the August 12 peak until December 2".

You can upvote the comment until 3 AM EST November 2 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).