Crypto Contest July 16: Expanse
Expanse has broken out of the channel pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Expanse began a wave one advance on March 2. The wave one (sub-waves i-v) finished on May 14, and the wave two (sub-waves a-b-c) correction ended on July 11. If this wave count is correct, Expanse should be heading next towards the May 14 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Expanse will takeout the May 14 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Expanse will drop below the March 2 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 March 2 low and the May 14 peak until August 16".
You can upvote the comment until 3 PM EST July 17 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.
Expanse will takeout the May 14 peak (12 voters as of 3 PM EST July 17: simonjay, otisbrown, gregory-f, soundmoney, dirty.hera, steem-buzz, eirik, littlehelper, mprgrmmr, digitalking, carlosdaniel, zerobeard).
Expanse will stay in a trading range between the March 2 low and the May 14 peak until August 16 (18 voters as of 3 PM EST July 17: me-tarzan, twinner, yefet, daniel.dalo, jznsamuel, bradenford, ahinga, abh12345, kooshikoo, starline, damla, mirda, coolthings, miniature-tiger, steemychess, ragnaros, andy23, lucasgabd).
You won.
Expanse will drop below the March 2 low (6 voters as of 3 PM EST July 17: ace108, krypto101, razorwave8, enlightenk, c-c-c, lig007).