Bounce (Binance: AUCTIONBUSD) has broken out of the triangle pattern in the four-hour chart.
![](https://i.postimg.cc/QxNgKpdx/nimet-n.png
)(Chart courtesy of Tradingview.com(log scale))

**Elliott Wave Analysis**

In Elliott Wave terms, AUCTION began a red wave one advance on September 29. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on October 22 and the red wave two (blue sub-waves a-b-c) correction ended on October 27. If this wave count is correct, AUCTION should be heading next towards the October 22 peak in the red wave three.
![](https://i.postimg.cc/0NZPjRWN/nimet-n2.png
)(Chart courtesy of Tradingview.com(log scale))

Zooming out in the daily chart, I believe AUCTION is currently in the red wave three (blue sub-wave iii). The red wave one began on June 22 and the red wave two correction ended on September 29.
![](https://i.postimg.cc/mgzmhQm1/nimet-n3.png
)(Chart courtesy of Tradingview.com(log scale))

**Funnymentals**

Bounce is a decentralized auctions token. The Brutal Investor reviewed the project one week ago.
<iframe width="560" height="315" src="https://www.youtube.com/embed/B3Wf91qrIW0" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

(Sources: https://bounce.finance/)

**How Will Bounce Trade?**

Bounce (Binance: AUCTIONBUSD) four-hour chart by Tradingview.
![](https://i.postimg.cc/s2rBFr8H/nimet-n4.png
)(Chart courtesy of Tradingview.com(log scale))

**Prizes**


I will be giving upvotes to the correct answers with minimum reputation of 25 (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.

AUCTION will takeout the October 22 peak

AUCTION will drop below the September 29 low

AUCTION will stay in a trading range between the September 29 low and the October 22 peak until December 7



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@maarnio/crypto-contest-october-30-bounce)