Crypto Contest November 2: The Protocol

The Protocol (Uniswap: THEUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, THE began a red wave one advance on October 16. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 20 and the red wave two (blue sub-waves a-b-c) correction ended on October 28. If this wave count is correct, THE should be heading next towards the October 20 peak in the red wave three.

(Chart courtesy of Tradingview.com)

Funnymentals

The Protocol is an ERC20 meme token that is inspired by Vitalik Buterin, co-founder of eth, tweet. The Defiant - DeFi, Web3 & NFT Insights reviewed the project two weeks ago.

(Sources: https://www.theprotocolerc.com/)

How Will The Protocol Trade?

The Protocol (Uniswap: THEUSD) daily chart by Tradingview.

(Chart courtesy of Tradingview.com)

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.

THE will takeout the October 20 peak

THE will drop below the October 16 low

THE will stay in a trading range between the October 16 low and the October 20 peak until December 9

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