Aryacoin (HitBTC: AYAUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, AYA began a red wave one advance on September 7. The red wave one finished on September 17 and the red wave two correction ended on October 5. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on October 19 and the red wave four (blue sub-waves a-b-c) correction ended on October 28. If this wave count is correct, AYA should be heading next towards the October 5 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe AYA is currently in the red wave three (blue sub-wave v). The red wave one began on June 6 and the red wave two correction ended on September 7.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Aryacoin was created with the goal of addressing the double spend issues of Bitcoin and does so using a timestamp server to verify transactions. CoinEx Institution researched the project last month.
(Sources: https://aryacoin.io/)
How Will Aryacoin Trade?
Aryacoin (HitBTC: AYAUSD) 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.
AYA will takeout the October 19 peak
AYA will drop below the October 5 low
AYA will stay in a trading range between the October 5 low and the October 19 peak until December 9
