Aventus (Coinbase: AVTUSD) 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, AVT began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 7 and the red wave two (blue sub-waves a-b-c) correction ended on September 19. If this wave count is correct, AVT should be heading next towards the June 7 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Aventus is a layer-2 blockchain protocol that brings scalability, lower costs, and speed to Ethereum transactions. Bittrex Global reviewed the project two months ago.
(Sources: https://www.aventus.io/)
How Will Aventus Trade?
Aventus (Coinbase: AVTUSD) daily chart by Tradingview.
(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.
AVT will takeout the June 7 peak
AVT will drop below the May 12 low
AVT will stay in a trading range between the May 12 low and the June 7 peak until December 21
