Crypto Contest May 19: Egoras Credit

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Egoras Credit (MEXC: EGCUSDT) 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, EGC began a red wave one advance on April 25. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 28 and the red wave two (blue sub-waves a-b-c) correction ended on May 13. If this wave count is correct, EGC should be heading next towards the April 28 peak in the red wave three.

(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Egoras protocol provides a secure and transparent platform for managing smart property. You can find their whitepaper here.

(Sources: https://egoras.com/)

How Will Egoras Credit Trade?

Egoras Credit (MEXC: EGCUSDT) four-hour chart by Tradingview.

(Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

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

EGC will takeout the April 28 peak

EGC will drop below the April 25 low

EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

Posted Using LeoFinance Alpha

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40 comments
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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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I would have to go with "EGC will drop below the April 25 low" since it could fail to break out and take a hit with markets stalling out this week.

Thanks again for using our new hashtag #BRK to earn the latest and coolest web3 platform token, IceBreak

Keep on keepin on my friend, great analysis here.

Posted using IceBreak

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Correct. We are feeling the pain now..

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

!BEER
!BBH
!WINE

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@maarnio! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @eii. (2/5)

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!BEER
!BBH
!WINE

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!WINE
!LOLZ
!LUV
!PIZZA

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!WINE
!HUG

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!WINE
!HUG

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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EGC will takeout the April 28 peak

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EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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0
0.000
Reply
avatar

EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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0
0.000
Reply
avatar

EGC will stay in a trading range between the April 25 low and the April 28 peak until June 24

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0.000
Reply