Crypto Contest August 29: FIO Protocol

FIO Protocol (Binance: FIOUSD) 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, FIO began a red wave one advance on August 5. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 14, and the red wave two (blue sub-waves a-b-c) correction ended on August 27. If this wave count is correct, FIO should be heading next towards the August 14 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Fio protocol is a decentralized usability layer for the entire blockchain ecosystem that is integrated into existing crypto products such as wallets, exchanges, and crypto payment processors. You can watch their latest AMA below.

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

How Will FIO Protocol Trade?

FIO Protocol (Binance: FIOUSD) four-hour 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.

FIO will takeout the August 14 peak

FIO will drop below the August 5 low

FIO will stay in a trading range between the August 5 low and the August 14 peak until October 4