Crypto Contest November 14: Aventus

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Aventus (Coinbase: AVTUSD) 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, AVT began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 7 and the red wave two (blue sub-waves a-b-c) correction ended on September 19. If this wave count is correct, AVT should be heading next towards the June 7 peak in the red wave three.

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

Funnymentals

Aventus is a layer-2 blockchain protocol that brings scalability, lower costs, and speed to Ethereum transactions. Bittrex Global reviewed the project two months ago.

(Sources: https://www.aventus.io/)

How Will Aventus Trade?

Aventus (Coinbase: AVTUSD) daily 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.

AVT will takeout the June 7 peak

AVT will drop below the May 12 low

AVT will stay in a trading range between the May 12 low and the June 7 peak until December 21

Posted Using LeoFinance Beta



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45 comments
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AVT will stay in a trading range between the May 12 low and the June 7 peak until December 21

!WINE
!hivebits
!PIZZA
!LOLZ
!BBH
!CTP
!ENGAGE 100
!LUV
!BEER

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!WINE
!hivebits
!PIZZA
!LOLZ
!BBH
!CTP
!ENGAGE 100
!LUV
!BEER

Posted Using LeoFinance Beta

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AVT will stay in a trading range between the May 12 low and the June 7 peak until December 21

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Thanks
!LUV

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AVT will takeout the June 7 peak

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AVT will drop below the May 12 low

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AVT will drop below the May 12 low

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AVT will takeout the June 7 peak

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