Aeon (AEONUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Aeon began a wave one advance on August 5. The wave one finished on August 27, and the wave two correction ended on September 15. The wave three advance finished on October 1, and the wave four correction ended on October 22. If this wave count is correct, Aeon should be heading next towards the October 1 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Aeon is currently in the red wave three (blue sub-wave v).
(Chart courtesy of Tradingview.com)
Funnymentals
According to Aeon's Twitter account Aeon is innovative, mobile-friendly, private, and highly-scalable cryptocurrency.
If you think this analysis is correct, upvote this post and upvote the comment "Aeon will takeout the October 1 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Aeon will drop below the September 15 low".
If you think Aeon is in a range, upvote this post and upvote the comment "Aeon will stay in a trading range between the September 15 low and the October 1 peak until November 23".
You can upvote the comment until 3 PM EST October 24 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).