Crypto Contest May 22: Burst

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

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Burst began a wave one advance on May 2. The wave one finished on May 8, and the wave two correction ended on May 10. The wave three advance finished on May 13, and the wave four correction ended on May 17. If this wave count is correct, Burst should be heading next towards the May 13 peak in the wave five.

(Chart courtesy of Tradingview.com)

Looking at the weekly chart, I believe Burst is currently in the wave three (sub-wave v).

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Burst will takeout the May 13 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Burst will drop below the May 10 low".

If you think Burst is in a range, upvote this post and upvote the comment "Burst will stay in a trading range between the May 10 low and the May 13 peak until June 17".

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