Crypto Contest November 3: Augur
Augur (Bittrex: REPUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, REP began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April this year, and the red wave two (blue sub-waves a-b-c) correction ended in October. If this wave count is correct, REP should be heading next towards the May peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe REP is currently in the red wave three. The red wave three began in December 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Augur is a decentralized oracle and peer to peer protocol for prediction markets. You can read their latest weekly report here.
(Sources: https://www.augur.net/)
How Will Augur Trade?
Augur (Bittrex: REPUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.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.
- REP will takeout the September peak
- REP will drop below the October low
- REP will stay in a trading range between the October low and the September peak until December 9
Answer the question at dpoll.xyz.