Crypto Contest December 27: Augur
Augur (REP/EUR) has broken out of the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Augur is currently in the wave three in the four-hour chart. The wave one began on December 6, and finished on December 9. The wave two correction ended on December 23. If this wave count is correct, Augur should takeout the November 5 peak in the coming days or weeks.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Augur.
If you think this analysis is correct, upvote this post and upvote the comment "Augur will takeout the November 5 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Augur will drop below the December 6 low".
If you think Augur is in a range, upvote this post and upvote the comment "Augur will stay in a trading range between the December 6 low and the November 5 peak until January 24, 2017".
You can upvote the comment until 3 PM EST December 28 and you can upvote only one comment. 150% of Steem (1.5 X 0.213 STEEM) 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.
Augur will stay in a trading range between the December 6 low and the November 5 peak until January 24, 2017 (9 voters as of 3 PM EST December 28: helikopterben, bleujay, gregory-f, spinbunny, yefet, anotherjoe, inertia, jahtech, tamersameeh X 2).
Stay
Augur will takeout the November 5 peak (14 voters as of 3 PM EST December 28: otisbrown, daveks, nextgen622, majes, idnit, jdbry, digit, idnit1, idnit9, steemradio, mrfoot, legends, tamersameeh X 2, angels). tamersameeh voted twice.
You won.
Augur will drop below the December 6 low (2 voters as of 3 PM EST December 28: me-tarzan, landofcrypto).
This post has been ranked within the top 50 most undervalued posts in the second half of Dec 27. We estimate that this post is undervalued by $5.71 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 27 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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