Crypto Contest October 31: Lossless

Lossless (KuCoin: LSSUSDT) 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, LSS began a red wave one advance on September 27. The red wave one peaked on October 4 and the red wave two correction ended on October 7. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on October 19 and the red wave four (blue sub-waves a-b-c) correction ended on October 27. If this wave count is correct, LSS should be heading next towards the October 19 peak in the red wave five. (Chart courtesy of Tradingview.com(log scale))

Zooming out in the daily chart, I believe LSS is currently in the red wave three (blue sub-wave iii). The red wave one began on June 3 and the red wave two correction ended on July 22. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

Lossless is a crypto hack mitigation tool for DeFi. Cowboys of Crypto reviewed the project four days ago.

(Sources: https://lossless.cash/)

How Will Lossless Trade?

Lossless (KuCoin: LSSUSDT) 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 (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.

LSS will takeout the October 19 peak

LSS will drop below the October 16 low

LSS will stay in a trading range between the October 16 low and the October 19 peak until December 8

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