Crypto Contest December 18: Expanse

Expanse (EXPUSD) 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, Expanse began a wave one advance on January 12. The red wave one advance finished on February 1, and the red wave two correction ended on March 10. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 10, and the red wave four (blue sub-waves a-b-c) correction ended on July 15. If this wave count is correct, Expanse should be heading next towards the June 10 peak in the red wave five.

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

Looking at the weekly chart, I believe Expanse is currently in the red wave three (blue sub-wave v).

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

Funnymentals

Expanse is the first stable Ethereum fork. For more information about Expanse please check the following official video.

(Source: https://www.expanse.tech/)

If you think this analysis is correct, upvote this post and upvote the comment "Expanse will takeout the June 10 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Expanse will drop below the July 15 low".

If you think Expanse is in a range, upvote this post and upvote the comment "Expanse will stay in a trading range between the July 15 low and the June 10 peak until January 18, 2018".

You can upvote the comment until 3 PM EST December 19 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).