Amoveo (HitBTC: VEOUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, VEO began a red wave one advance on June 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 28 and the red wave two (blue sub-waves a-b-c) correction ended on October 16. If this wave count is correct, VEO should be heading next towards the August 28 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Amoveo is a worldwide, open-source blockchain platform for financial markets and derivative contracts. CryptoCholics interviewed the founder two years ago.
(Sources: https://amoveo.io/)How Will Amoveo Trade?
Amoveo (HitBTC: VEOUSD) daily 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.
VEO will takeout the August 18 peak
VEO will drop below the July 20 low
VEO will stay in a trading range between the July 20 low and the August 18 peak until December 17