Crypto Contest September 8: Bifrost

Bifrost (Upbit: BFCBTC) 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, BFC began a red wave one advance on January 3. The red wave one peaked on April 22 and the red wave two correction ended on June 22. The red wave three (blue sub-waves i-ii-iii-iv-v) peaked on August 19 and the red wave four (blue sub-waves a-b-c) correction ended on September 7. If this wave count is correct, BFC should be heading next towards the August 19 peak in the red wave five.

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

Funnymentals

Bifrost is a multichain middleware platform enabling developers to create DApps on top of multiple protocols. CryptoWendyO reviewed the project earlier this year.

(Sources: https://thebifrost.io/)

How Will Bifrost Trade?

Bifrost (Upbit: BFCBTC) 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.

BFC will takeout the August 19 peak

BFC will drop below the August 9 low

BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15