Crypto Contest June 26: Ardor

Ardor has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Ardor began a wave one advance on May 27. The wave one finished on June 5, and the wave two correction ended later on the same day. The wave three advance finished on June 19, and the wave four correction ended on June 22. If this wave count is correct, Ardor should be heading next towards the June 19 peak in the wave five.

(Chart courtesy of Tradingview.com)

Looking at the daily chart, I believe Ardor is currently in the wave five (sub-wave v).

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Ardor will takeout the June 19 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Ardor will drop below the June 5 low".

If you think Ardor is in a range, upvote this post and upvote the comment "Ardor will stay in a trading range between the June 5 low and the June 19 peak until July 26".

You can upvote the comment until 3 PM EST June 27 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). Only participants with a Reputation of 35 or more will qualify in the contest.