Crypto Contest September 8: Lamden

Lamden (HitBTC: TAUBTC) 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, TAU began a red wave one advance in September 2019. The red wave one finished in February this year, and the red wave two correction ended in May. The red wave three advance finished on August 30, and the red wave four correction ended on September 5. If this wave count is correct, TAU should be heading next towards the August 30 peak in the red wave five. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Lamden makes it easy for people to build the next generation of decentralized applications and developers receive 90% of all transaction fees that are processed through their smart contracts. Their main net is launching in 8 days. You can read their latest AMA here. (Sources: https://lamden.io/)

How Will Lamden Trade?

Lamden (HitBTC: TAUBTC) 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.

TAU will takeout the August 30 peak

TAU will drop below the July 29 low

TAU will stay in a trading range between the July 29 low and the August 30 peak until October 14

Posted Using LeoFinance