Crypto Contest August 15: Ergo

Ergo (CoinEx: ERGUSDT) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, ERG began a red wave one advance in July 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in August 2021 and the red wave two (blue sub-waves a-b-c) correction ended in July this year. If this wave count is correct, ERG should be heading next towards the August 2021 peak in the red wave three.

(Chart courtesy of Tradingview.com(log scale))

Funnymentals

The Ergo platform aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and survivable in the long term. Big Arch and Money reviewed the project two days ago.

(Sources: https://ergoplatform.org/)

How Will Ergo Trade?

Ergo (CoinEx: ERGUSDT) daily chart by Tradingview.

(Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

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.

ERG will takeout the March 28 peak

ERG will drop below the July 13 low

ERG will stay in a trading range between the July 13 low and the March 28 peak until September 21