Crypto Contest November 7: Aergo
Aergo (CoinMarketCap: AERGOUSD) 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, AERGO began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 11 and the red wave two (blue sub-waves a-b-c) correction ended on September 24. If this wave count is correct, AERGO should be heading next towards the August 11 peak in the red wave three.
(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Aergo is an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. ronbubble crypto reviewed the project five months ago.
(Sources: https://www.aergo.io/)How Will Aergo Trade?
Aergo (CoinMarketCap: AERGOUSD) 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.
AERGO will takeout the August 11 peak
AERGO will drop below the June 28 low
AERGO will stay in a trading range between the June 28 low and the August 11 peak until December 14
AERGO will stay in a trading range between the June 28 low and the August 11 peak until December 14
Correct.
AERGO will stay in a trading range between the June 28 low and the August 11 peak until December 14
Correct.
AERGO will takeout the August 11 peak
AERGO will drop below the June 28 low
AERGO will drop below the June 28 low
AERGO will stay in a trading range between the June 28 low and the August 11 peak until December 14
Correct. Upvoted your comment:
https://steemit.com/blockchain/@futurra/ql6r0o
AERGO will takeout the August 11 peak
AERGO will drop below the June 28 low
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$trdo
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AERGO will takeout the August 11 peak