Crypto Contest July 18: Aeon

Aeon (AEONUSD) 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, Aeon began a wave one advance in September 2015. The red wave one finished in November 2015, and the red wave two correction ended in June 2016. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 9 this year, and the red wave four correction ended on June 29. If this wave count is correct, Aeon should be heading next towards the January 9 peak in the red wave five.

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

Funnymentals

Aeon seeks to be a lightweight-Monero. Crypto Coin Investor reviewed the coin on July 4.

(Sources: http://www.aeon.cash/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Aeon will takeout the April 24 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Aeon will drop below the June 29 low".

If you think Aeon is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Aeon will stay in a trading range between the June 29 low and the April 24 peak until August 22".

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

You can upvote the comment until 3 PM EST July 21 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.