Crypto Contest June 12: Automata Network

Automata Network (Binance: ATAUSDT) 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, ATA began a red wave one advance on June 7. The red wave one peaked on June 7 and the red wave two (blue sub-waves a-b-c) correction ended on June 12. If this wave count is correct, ATA should be heading next towards the June 7 peak in the red wave three.

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

Funnymentals

Automata Network is the go-to privacy middleware for dApps on Web3. You can read their latest bi-weekly report here.

(Sources: https://www.ata.network/)

How Will Automata Network Trade?

Automata Network (Binance: ATAUSDT) four-hour 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.

ATA will takeout the June 7 peak

ATA will drop below the June 7 low

ATA will stay in a trading range between the June 7 low and the June 7 peak until July 19

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108 Comments