Crypto Contest October 29: TXA

TXA (KuCoin: TXAUSDT) 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, TXA began a red wave one advance on October 20. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 22 and the red wave two (blue sub-waves a-b-c) correction ended on October 29. If this wave count is correct, TXA should be heading next towards the October 22 peak in the red wave three.

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

Funnymentals

TXA is building a Decentralized Settlement Layer, a community-operated, open-source technology that enables fast, secure, non-custodial, cross-chain settlement of digital asset transaction. You can read their latest AMA here.

(Sources: https://www.txa.app/)

How Will TXA Trade?

TXA (KuCoin: TXAUSDT) 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 (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.

TXA will takeout the October 22 peak

TXA will drop below the October 20 low

TXA will stay in a trading range between the October 20 low and the October 22 peak until December 6