Basilisk (Kraken: BSXUSD) has broken out of the triangle pattern in the four-hour chart.
https://i.postimg.cc/W1bn2b0B/nimet-n.png
(Chart courtesy of Tradingview.com(log scale))

**Elliott Wave Analysis**

In Elliott Wave terms, BSX began a red wave one advance on August 27. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on August 29 and the red wave two (blue sub-waves a-b-c) correction ended on September 9. If this wave count is correct, BSX should be heading next towards the August 29 peak in the red wave three.
https://i.postimg.cc/zGsVxxDx/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))

**Funnymentals**

Basilisk is not a mere canary network of HydraDX - it is an independent chain which has the mission to enable frictionless liquidity bootstrapping for new cryptoassets. KryptosChain reviewed the project one month ago.
<iframe width="560" height="315" src="https://www.youtube.com/embed/BcbYJpcg7-8" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

(Sources: https://bsx.fi/)

**How Will Basilisk Trade?**

Basilisk (Kraken: BSXUSD) four-hour chart by Tradingview.
https://i.postimg.cc/1XT1HY0B/nimet-n3.png
(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.

BSX will takeout the August 29 peak

BSX will drop below the August 27 low

BSX will stay in a trading range between the August 27 low and the August 29 peak until October 24




Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@maarnio/crypto-contest-september-17-basilisk)