Crypto Contest September 20: Rise

Rise (RISEBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Rise began a wave one advance on August 11. The wave one finished on August 13, and the wave two correction ended on August 18. The wave three advance finished on August 31, and the wave four correction ended on September 3. If this wave count is correct, Rise should be heading next towards the August 31 peak in the wave five.

(Chart courtesy of Tradingview.com)

Looking at the weekly chart, I believe Rise is currently in the red wave three (blue sub-wave v).

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Rise will takeout the August 31 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Rise will drop below the August 18 low".

If you think Rise is in a range, upvote this post and upvote the comment "Rise will stay in a trading range between the August 18 low and the August 31 peak until October 21".

You can upvote the comment until 3 PM EST September 21 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).