Emercoin (HitBTC: EMCUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EMC began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in March this year. If this wave count is correct, EMC should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Emercoin is a cryptocurrency and blockchain service platform with Proof-of-Stake + Proof-of-Work mining + Name Value Storage.
(Sources: https://emercoin.com/en)
How Will Emercoin Trade?
Emercoin (HitBTC: EMCUSD) weekly chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
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.
EMC will takeout the February peak
EMC will drop below the March low
EMC will stay in a trading range between the March low and the February peak until June 1
