Crypto Contest November 22: Augur

Augur (REPUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com)

Elliott Wave Analysis

In Elliott Wave terms, Augur began a wave one advance on July 11. The red wave one (leading diagonal, blue sub-waves i-ii-iii-iv-v) finished on August 27, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Augur should be heading next towards the August 27 peak in the red wave three.

(Chart courtesy of Tradingview.com)

In the weekly chart, I believe Augur is currently in the red wave three (blue sub-wave iii). The blue sub-wave i began on July 11.

(Chart courtesy of Tradingview.com)

Funnymentals

Here is the official video explaining the prediction market token.

(Source: https://augur.net/)

If you think this analysis is correct, upvote this post and upvote the comment "Augur will takeout the August 27 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Augur will drop below the July 11 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 July 11 low and the August 27 peak until December 23".

You can upvote the comment until 3 AM EST November 23 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).