Augur (REP/EUR) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Augur began a wave one advance on December 6, 2016. The wave one finished on March 16 this year, and the wave two correction ended on March 18. The wave three advance finished on June 7, and the wave four correction ended on July 11. If this wave count is correct, Augur should be heading next towards the June 7 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Augur will takeout the June 7 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Augur will drop below the March 18 low".
If you think Augur is in a range, upvote this post and upvote the comment "Augur will stay in a trading range between the March 18 low and the June 7 peak until September 8".
You can upvote the comment until 3 PM EST August 9 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). Only participants with a Reputation of 35 or more will qualify in the contest.
