Electroneum (KuCoin: ETNETH) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ETN began a red wave one advance on April 20. The red wave one finished on April 30, and the red wave two correction ended on May 5. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on May 16, and the red wave four (blue sub-waves a-b-c) correction ended on May 21. If this wave count is correct, ETN should be heading next towards the May 16 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Electroneum is targeting crypto adoption in developing countries. AllAboutTech interviewed the CEO three days ago.
(Sources: https://electroneum.com/)How Will Electroneum Trade?
Electroneum (KuCoin: ETNETH) 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 and comment below.
ETN will takeout the May 16 peak
ETN will drop below the May 5 low
ETN will stay in a trading range between the May 5 low and the May 16 peak until July 5