Crypto Contest September 15: Aergo
Aergo (Bittrex: AERGOBTC) 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, Aergo began a wave one advance on September 3. The red wave one finished on September 5, and the red wave two correction ended on September 6. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on September 12, and the red wave four (blue sub-waves a-b-c) correction ended on September 14. If this wave count is correct, Aergo should be heading next towards the September 12 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Aergo is on a mission to create the most practical platform for businesses and developers to build decentralized applications and enterprise-IT solutions. You can watch their presentation below.
(Sources: https://www.aergo.io/)How Will Aergo Trade?
Aergo (Bittrex: AERGOBTC) 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.
- Aergo will takeout the September 11 peak
- Aergo will drop below the September 3 low
- Aergo will stay in a trading range between the September 3 low and the September 11 peak until October 21
Answer the question at dpoll.xyz.