Crypto Contest July 21: Aeon

Aeon (Bittrex: AEONBTC) 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 on May 15. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 28, and the red wave two (blue sub-waves a-b-c) correction ended on July 13. If this wave count is correct, Aeon should be heading next towards the May 28 peak in the red wave three.

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

Funnymentals

Aeon is a lightweight CryptoNote digital currency. Aeon has some advantages compared to Monero which are listed below.

(Sources: Aeon)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader
Uniting Experts & Novices for Mutual Profit!

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