Crypto Contest October 30: Bounce

Bounce (Binance: AUCTIONBUSD) 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, AUCTION began a red wave one advance on September 29. 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 27. If this wave count is correct, AUCTION should be heading next towards the October 22 peak in the red wave three.

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

Zooming out in the daily chart, I believe AUCTION is currently in the red wave three (blue sub-wave iii). The red wave one began on June 22 and the red wave two correction ended on September 29.

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

Funnymentals

Bounce is a decentralized auctions token. The Brutal Investor reviewed the project one week ago.

(Sources: https://bounce.finance/)

How Will Bounce Trade?

Bounce (Binance: AUCTIONBUSD) 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.

AUCTION will takeout the October 22 peak

AUCTION will drop below the September 29 low

AUCTION will stay in a trading range between the September 29 low and the October 22 peak until December 7