Crypto Contest May 13: Expanse

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

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Expanse began a wave one advance on April 9. The wave one (sub-waves i-v) finished on April 29, and the wave two (sub-waves abc) correction ended on May 9. If this wave count is correct, Expanse should be heading next towards the April 29 peak in the wave three.

(Chart courtesy of Tradingview.com)

In the daily chart, Expanse is currently most likely in the wave three (sub-wave iii). The wave one began on March 2, and finished on March 30. The wave two correction ended on April 9.

(Chart courtesy of Tradingview.com)

Looking at the weekly chart, I believe Expanse is currently in the wave three. The wave one began in November 2015, and finished in February 2016. The wave two correction ended on March 2 this year.

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Expanse will takeout the April 29 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Expanse will drop below the April 9 low".

If you think Expanse is in a range, upvote this post and upvote the comment "Expanse will stay in a trading range between the April 9 low and the April 29 peak until June 8".

You can upvote the comment until 2 AM EST May 14 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.