Crypto Contest February 11: Akoin

Akoin (Bittrex: AKNUSD) 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, AKN began a red wave one advance on February 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 5 and the red wave two (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, AKN should be heading next towards the February 5 peak in the red wave three.

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

Funnymentals

Akoin is a Stellar-based cryptocurrency designed to fuel rising entrepreneurs in Africa and beyond. You can watch their intro video below.

(Sources: https://www.akoin.io/)

How Will Akoin Trade?

Akoin (Bittrex: AKNUSD) 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.

AKN will takeout the February 5 peak

AKN will drop below the February 5 low

AKN will stay in a trading range between the February 5 low and the February 5 peak until March 20