Crypto Contest October 19: Ocean Protocol

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(Edited)

Ocean Protocol (Bittrex: OCEANUSD) 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, OCEAN began a red wave one advance on March 16. The red wave one finished on May 20, and the red wave two correction ended on June 28. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on August 18, and the red wave four (blue sub-waves a-b-c) correction ended on October 7. If this wave count is correct, OCEAN should be heading next towards the August 18 peak in the red wave five.

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

Zooming out in the weekly chart, I believe OCEAN is currently in the red wave three (blue sub-wave v). The red wave one began in August 2019, and the red wave two correction ended on March 16 this year.

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

Funnymentals

The Ocean token is used as a unit of exchange for buying and selling data and AI services within Ocean's Pacific main net. Coin Bureau reviewed the protocol last month.

(Sources: https://oceanprotocol.com/)

How Will Ocean Protocol Trade?

Ocean Protocol (Bittrex: OCEANUSD) 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.

OCEAN will takeout the August 18 peak

OCEAN will drop below the July 27 low

OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author mhsm. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will takeout the August 18 peak

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author limit1984. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will drop below the July 27 low

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OCEAN will takeout the August 18 peak

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author gregory-f. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

!BEER
for you

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$rewarding 70

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The reward of this comment goes 100 % to the author eii. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will drop below the July 27 low

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OCEAN will drop below the July 27 low

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author lydon.sipe. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author monsterbuster. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will drop below the July 27 low

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OCEAN will takeout the August 18 peak

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author koskl. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will takeout the August 18 peak

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author verhollo. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will drop below the July 27 low

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OCEAN will takeout the August 18 peak

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OCEAN will drop below the July 27 low

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author zazamorton. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will takeout the August 18 peak

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OCEAN will takeout the August 18 peak

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author nezyar. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will drop below the July 27 low

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OCEAN will drop below the July 27 low

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OCEAN will takeout the August 18 peak

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author tanqu. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will drop below the July 27 low

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author fredkese. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author any123. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will stay in a trading range between the July 27 low and the August 18 peak until November 25

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$rewarding 70

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The reward of this comment goes 100 % to the author rebe.torres12. This is done by setting the beneficiaries of this comment to 100 %.

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OCEAN will takeout the August 18 peak

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