Crypto Contest October 9: Alchemy Pay

Alchemy Pay (Coinbase: ACHUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, ACH began a red wave one advance on August 3. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 6 and the red wave two (blue sub-waves a-b-c) correction ended on September 28. If this wave count is correct, ACH should be heading next towards the August 6 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Alchemy Pay provides hybrid crypto-fiat payment solutions. Zach Humphries interviewed the ceo last month.

(Sources: https://www.alchemytech.io/)

How Will Alchemy Pay Trade?

Alchemy Pay (Coinbase: ACHUSD) 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.

ACH will takeout the August 6 peak

ACH will drop below the August 3 low

ACH will stay in a trading range between the August 3 low and the August 6 peak until November 16

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107 Comments