Crypto Contest August 26: TNA Protocol

TNA Protocol (Gate.io: BNUSDT) 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, BN began a red wave one advance on August 21. The red wave one peaked on August 21 and the red wave two (blue sub-waves a-b-c) correction ended on August 25. If this wave count is correct, BN should be heading next towards the August 21 peak in the red wave three.

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

Funnymentals

TNA Protocol is the naming and DA layer for Bitcoin. You can find their tokenomics below.

(Sources: https://tna-btc.com/)

How Will TNA Protocol Trade?

TNA Protocol (Gate.io: BNUSDT) 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

BN will takeout the August 21 peak

BN will drop below the August 21 low

BN will stay in a trading range between the August 21 low and the August 21 peak until October 1