Crypto Contest August 20: LUKSO

LUKSO (KuCoin: LYXEETH) 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, LYXE began a red wave one advance on August 4. The red wave one finished on August 11, and the red wave two correction ended on August 16. The red wave three advance finished on August 17, and the red wave four correction ended on August 18. If this wave count is correct, LYXE should be heading next towards the August 17 peak in the red wave five.

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

Funnymentals

LUKSO is the next project by the creator of ERC-20 and ERC-725 A network dedicated to moving Blockchain beyond DeFi. Ronbubble crypto reviewed the token three days ago.

(Sources: https://lukso.network/)

How Will LUKSO Trade?

LUKSO (KuCoin: LYXEETH) 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.

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.

LYXE will takeout the August 17 peak

LYXE will drop below the August 16 low

LYXE will stay in a trading range between the August 16 low and the August 17 peak until September 25