Crypto Contest October 19: Hyve

Hyve (KuCoin: HYVEUSDT) 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, HYVE began a red wave one advance on September 26. The red wave one peaked on October 2 and the red wave two correction ended on October 6. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on October 15 and the red wave four (blue sub-waves a-b-c) correction ended on October 17. If this wave count is correct, HYVE should be heading next towards the October 15 peak in the red wave five.

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

Zooming out in the daily chart, I believe HYVE is currently in the red wave three. The red wave one began on July 20 and the red wave two correction ended on September 26.

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

Funnymentals

Hyve is a DeFi centric autonomous ecosystem built on top of the multi billion workforce industry. JRNY Crypto reviewed the project four months ago.

(Sources: https://hyve.works/)

How Will Hyve Trade?

Hyve (KuCoin: HYVEUSDT) 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.

HYVE will takeout the October 15 peak

HYVE will drop below the September 26 low

HYVE will stay in a trading range between the September 26 low and the October 15 peak until November 26