Aurora (Bithumb: AOAKRW) 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, AOA began a red wave one advance on June 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 17, and the red wave two (blue sub-waves a-b-c) correction ended on July 31. If this wave count is correct, AOA should be heading next towards the July 17 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe AOA is currently in the red wave three (blue sub-wave iii). The red wave three began on June 28.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Aurora is a decentralized application platform based on third-generation blockchain technology dedicated to providing mature blockchain technology solutions for the entire industry. You can read their latest update here.
(Sources: https://www.aurorachain.io/)
How Will Aurora Trade?
Aurora (Bithumb: AOAKRW) 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.
AOA will takeout the July 13 peak
AOA will drop below the June 28 low
AOA will stay in a trading range between the June 28 low and the July 13 peak until September 7