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Crypto Contest October 28: Filecoin

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Markus Aarnio
@maarnio
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Filecoin (Binance: FILUSDT) 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, FIL began a red wave one advance on October 15. The red wave one finished on October 15 and the red wave two (blue sub-waves a-b-c) correction ended on October 23. If this wave count is correct, FIL should be heading next towards the October 15 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

Filecoin is a decentralized storage system. Coin Bureau covered the project five days ago.

(Sources: https://filecoin.io/)

How Will Filecoin Trade?

Filecoin (Binance: FILUSDT) 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.

FIL will takeout the October 16 peak

FIL will drop below the October 23 low

FIL will stay in a trading range between the October 23 low and the October 16 peak until December 4

Posted Using LeoFinance Beta