EnergyCoin (ENRGBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
In Elliott Wave terms, EnergyCoin began a wave one advance in September 2016. The red wave one finished in December 2016, and the red wave two correction ended on March 16 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 24, and the red wave four (blue sub-waves a-b-c) correction ended on October 10. If this wave count is correct, EnergyCoin should be heading next towards the June 24 peak in the wave five.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe EnergyCoin is currently in the red wave three (blue sub-wave v).
(Chart courtesy of Tradingview.com (log scale))
If you think this analysis is correct, upvote this post and upvote the comment "EnergyCoin will takeout the June 24 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "EnergyCoin will drop below the March 16 low".
If you think EnergyCoin is in a range, upvote this post and upvote the comment "EnergyCoin will stay in a trading range between the March 16 low and the June 24 peak until November 12".
You can upvote the comment until 3 PM EST October 13 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).
