Crypto Contest August 24: Xelis

Xelis (CoinEx: XELUSDT) 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, XEL began a red wave one advance on August 17. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 19 and the red wave two (blue sub-waves a-b-c) correction ended on August 23. If this wave count is correct, XEL should be heading next towards the August 19 peak in the red wave three.

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

Funnymentals

Xelis is an innovative cryptocurrency with BlockDAG and Homomorphic Encryption. Cj Does Crypto reviewed the project two months ago.

https://youtu.be/o9SRJFyjvg4?si=3VuUeQ1BS7f--MLY

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

How Will Xelis Trade?

Xelis (CoinEx: XELUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (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

XEL will takeout the August 19 peak

XEL will drop below the August 17 low

XEL will stay in a trading range between the August 17 low and the August 19 peak until September 29