Crypto Contest September 20: CONUN

CONUN (Bithumb: CONKRW) 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, CON began a red wave one advance on April 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 19, and the red wave two (blue sub-waves a-b-c) correction ended on August 12. The blue sub-wave one finished on August 29, and the blue sub-wave two correction ended on September 7. If this wave count is correct, CON should be heading next towards the August 12 peak in the blue sub-wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

CONUN is a distributed supercomputing platform based on blockchain. You can read their latest monthly update here. (Sources: https://conun.io/)

How Will CONUN Trade?

CONUN (Bithumb: CONKRW) 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.

CON will takeout the August 29 peak

CON will drop below the August 20 low

CON will stay in a trading range between the August 20 low and the August 29 peak until October 26

Posted Using LeoFinance