Crypto Contest August 4: VeThor Token

VeThor Token (Binance: VTHOBUSD) 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, VTHO began a red wave one advance on July 20. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 24, and the red wave two (blue sub-waves a-b-c) correction ended on July 27. If this wave count is correct, VTHO should be heading next towards the July 24 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

VeThor (VTHO) is the secondary token of the VeChainThor ecosystem and functions as the gas for transactions. Cryptocurrency News covered the token two months ago.

(Sources: https://www.vechain.org/)

How Will VeThor Token Trade?

VeThor Token (Binance: VTHOBUSD) 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.

VTHO will takeout the July 24 peak

VTHO will drop below the July 20 low

VTHO will stay in a trading range between the July 20 low and the July 24 peak until September 9

Posted Using LeoFinance