Crypto Contest September 26: Layer3

Layer3 (Bybit: L3USDT) 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, L3 began a red wave one advance on July 30. The red wave one peaked on July 30 and the red wave two (blue sub-waves a-b-c) correction ended on August 30. If this wave count is correct, L3 should be heading next towards the July 30 peak in the red wave three.

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

Funnymentals

Layer3 is scaling global adoption across chains. Satoshi Stacker reviewed the project one month ago.

(Sources: https://layer3.xyz/)

How Will Layer3 Trade?

Layer3 (Bybit: L3USDT) daily 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

L3 will takeout the July 30 peak

L3 will drop below the July 30 low

L3 will stay in a trading range between the July 30 low and the July 30 peak until November 1

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