Crypto Contest July 29: Octopus Network

Octopus Network (Gate.io: OCTUSDT) 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, OCT began a red wave one advance on June 30. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 22 and the red wave two (blue sub-waves a-b-c) correction ended on July 26. If this wave count is correct, OCT should be heading next towards the July 22 peak in the red wave three.

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

Funnymentals

Octopus Network is a NEAR-based multichain interoperable crypto-network for launching and running Web3 substrate-based, EVM compatible Appchains. You can watch their intro video below.

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

How Will Octopus Network Trade?

Octopus Network (Gate.io: OCTUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (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.

OCT will takeout the July 22 peak

OCT will drop below the June 30 low

OCT will stay in a trading range between the June 30 low and the July 22 peak until September 4