Crypto Contest October 17: Edgeless

Edgeless (EDGUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Edgeless began a wave one advance on April 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 16, and the red wave two (blue sub-waves a-b-c) correction ended on October 15. If this wave count is correct, Edgeless should be heading next towards the September 16 peak in the red wave three.

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

One can see the waves even better in the line chart.

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

If you think this analysis is correct, upvote this post and upvote the comment "Edgeless will takeout the September 16 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Edgeless will drop below the April 25 low".

If you think Edgeless is in a range, upvote this post and upvote the comment "Edgeless will stay in a trading range between the April 25 low and the September 16 peak until November 17".

You can upvote the comment until 3 PM EST October 18 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).