Crypto Contest August 14: Instadapp
Instadapp (CoinEx: INSTUSDT) 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, INST began a red wave one advance on June 19. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on July 23 and the red wave two (blue sub-waves a-b-c) correction ended on August 3. If this wave count is correct, INST should be heading next towards the July 23 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Zooming out in the daily chart, I believe INST is currently in the red wave three (blue sub-waves iii).
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Instadapp is a multi-chain DeFi management platform. You can watch their intro video below.
(Sources: https://instadapp.io/)
How Will Instadapp Trade?
Instadapp (CoinEx: INSTUSDT) 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.
INST will takeout the June 7 peak
INST will drop below the May 18 low
INST will stay in a trading range between the May 18 low and the June 7 peak until September 20
INST will stay in a trading range between the May 18 low and the June 7 peak until September 20
Correct. Upvoted your post:
https://steemit.com/steemit/@simonjay/daily-steem-price-update-19-9-2022
INST will takeout the June 7 peak
INST will stay in a trading range between the May 18 low and the June 7 peak until September 20
Correct. Upvoted your post:
https://steemit.com/hive-183653/@bgteam/seriya-kaktusi-22
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INST will takeout the June 7 peak
INST will drop below the May 18 low
INST will takeout the June 7 peak
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INST will drop below the May 18 low