Crypto Contest September 24: Oxygen

Oxygen (Bitfinex: OXYBTC) 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, OXY began a red wave one advance on August 10. The red wave one peaked on August 18 and the red wave two correction ended on August 26. The red wave three advance finished on September 11 and the red wave four correction ended on September 20. If this wave count is correct, OXY should be heading next towards the September 11 peak in the red wave five.

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

Funnymentals

Oxygen is a DeFi prime brokerage service built on Solana and powered by Serum's on-chain infrastructure. Cryptoque reviewed the project earlier this month.

(Sources: https://www.oxygen.org/)

How Will Oxygen Trade?

Oxygen (Bitfinex: OXYBTC) 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.

OXY will takeout the September 11 peak

OXY will drop below the August 10 low

OXY will stay in a trading range between the August 10 low and the September 11 peak until October 31