Crypto Contest September 15: iExec RLC
iExec (RLCETH) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, iExec began a wave one advance on August 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 17, and the red wave two (blue sub-waves a-b-c) correction ended on September 10. If this wave count is correct, iExec should be heading next towards the August 17 peak in the red wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "iExec will takeout the August 17 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "iExec will drop below the August 10 low".
If you think iExec is in a range, upvote this post and upvote the comment "iExec will stay in a trading range between the August 10 low and the August 17 peak until October 16".
You can upvote the comment until 3 PM EST September 16 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).
iExec will stay in a trading range between the August 10 low and the August 17 peak until October 16 (21 voters as of 3 PM EST September 16: twinner, soundmoney, lucasgabd, catena, flemingfarm, themovieplace, steemit.nemesis, starline, komischername, cassidyandfranks, mirda, coolthings, abh12345, ahinga, psilacetin, napkin, ragnaros, carlosdaniel, allmonitors, mprgrmmr, abay).
iExec will drop below the August 10 low (11 voters as of 3 PM EST September 16: freiheit50, ace108, gregory-f, yefet, libert, dlina-v-metrah, jznsamuel, anetchen, gunsmithing, andy23, barcalogia).
You won.
iExec will takeout the August 17 peak (8 voters as of 3 PM EST September 16: otisbrown, daniel.dalo, lydon.sipe, kooshikoo, eirik, digitalking, freskil, me-do).
@maarnio Great submit. Hardwork pays a lot more so preserve Functioning tough! Resteemed.
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