Crypto Contest August 19: FC Barcelona Fan Token

FC Barcelona Fan Token (Binance: BARUSDT) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, BAR began a red wave one advance on June 10. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 7 and the red wave two (blue sub-waves a-b-c) correction ended on August 17. If this wave count is correct, BAR should be heading next towards the August 7 peak in the red wave three.

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

Funnymentals

FC Barcelona Fan Token is a utility token created in collaboration between FC Barcelona and Chiliz, a global blockchain financial technology provider for the sports and entertainment industry. CoinMarketCap reviewed the fan tokens one year ago.

(Sources: https://www.fantoken.com/bar/)

How Will FC Barcelona Fan Token Trade?

FC Barcelona Fan Token (Binance: BARUSDT) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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

BAR will takeout the August 7 peak

BAR will drop below the June 10 low

BAR will stay in a trading range between the June 10 low and the August 7 peak until September 24