Enecuum (KuCoin: ENQUSDT) 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, ENQ began a red wave one advance on April 21. The red wave one finished on June 14, and the red wave two correction ended on June 21. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on July 30, and the red wave four (blue sub-waves a-b-c) correction ended on August 22. If this wave count is correct, ENQ should be heading next towards the July 30 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Enecuum is a mobile blockchain protocol for decentralized Web 3.0 applications. You can watch their August AMA below. Their main net will launch on August 28.
(Sources: https://enecuum.com/)How Will Enecuum Trade?
Enecuum (KuCoin: ENQUSDT) 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.
ENQ will takeout the July 30 peak
ENQ will drop below the June 21 low
ENQ will stay in a trading range between the June 21 low and the July 30 peak until October 2