Crypto Contest December 6: Egoras

Egoras (CoinMarketCap: EGRUSD) has broken out of the triangle pattern in the line chart.

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

Elliott Wave Analysis

In Elliott Wave terms, EGR began a red wave one advance on March 31. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 2 and the red wave two (blue sub-waves a-b-c) correction ended on November 2. If this wave count is correct, EGR should be heading next towards the July 2 peak in the red wave three.

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

Funnymentals

Egoras protocol aims to address issues facing microfinance sectors like high-interest rates, dependence on banks, and indebtedness. You can watch their intro video below.

(Sources: https://egoras.com/)

How Will Egoras Trade?

Egoras (CoinMarketCap: EGRUSD) line chart by CoinMarketCap.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

EGR will takeout the July 2 peak

EGR will drop below the May 15 low

EGR will stay in a trading range between the May 15 low and the July 2 peak until January 12, 2021