Crypto Contest October 25: Basic Attention Token

Basic Attention Token (BATUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, BAT began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on October 24. If this wave count is correct, BAT should be heading next towards the September 1 peak in the red wave three.

(Chart courtesy of Tradingview.com)

One can see the waves even better in the line chart.

(Chart courtesy of Tradingview.com)

Funnymentals

Here is the official introduction video of BAT.

Basic Attention Token from Brave on Vimeo.

If you think this analysis is correct, upvote this post and upvote the comment "BAT will takeout the September 1 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "BAT will drop below the July 16 low".

If you think BAT is in a range, upvote this post and upvote the comment "BAT will stay in a trading range between the July 16 low and the September 1 peak until November 25".

You can upvote the comment until 3 PM EST October 26 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).