Energycoin (ENRGUSD) 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, Energycoin began a wave one advance in May 2014. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 21. If this wave count is correct, Energycoin should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Energycoin is a platform for sustainable environmental blockchain solutions founded in 2014. You can view the "official" story behind Energycoin below.
(Sources: https://energycoin.eu/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Energycoin will takeout the April peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Energycoin will drop below the August low".
If you think Energycoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Energycoin will stay in a trading range between the August low and the April peak until October 6".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 4 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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