Crypto Contest November 12: WePower
WePower (WPRUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, WePower began a wave one advance on October 11. The red wave one finished on October 15, and the red wave two correction ended on October 25. The blue sub-wave wave one finished on October 31, and the blue sub-wave two correction ended on November 6. If this wave count is correct, WePower should be heading next towards the October 31 peak in the red wave three (blue sub-wave iii).
(Chart courtesy of Tradingview.com (log scale))
Looking at the daily chart, I believe WePower is currently in the red wave three (blue sub-wave iii). The red wave three began on October 11.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
WePower is a blockchain-based green energy trading platform. You can view their latest AMA from November below.
(Sources: https://wepower.network/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will takeout the July peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will drop below the September low".
If you think WePower is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will stay in a trading range between the September low and the July peak until December 17".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST November 15 and you can upvote only one comment. 50% of liquid STEEM + 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 1
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.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
WePower will stay in a trading range between the September low and the July peak until December 17 (15 voters as of 3 PM EST November 15: bleujay, bentleycapital, allyouneedtoknow, gregory-f, toofasteddie, jlordc, starline, steem-d-anlovnit, simonjay, dine77, mitrado, revelationquotes, galasek, koskl, mirda).
WePower will drop below the September low (6 voters as of 3 PM EST November 15: sqlinsix, freiheit50, diana.feuerberg, barbadosso, skepticology, vicspics).
You won. Paid out from @maarnio1
WePower will takeout the July peak (8 voters as of 3 PM EST November 15: steemquestions, ace108, lydon.sipe, steemit.nemesis, reconnectnature, diogosantos, kunschj, criptorafa).
WePower will takeout the July peak.
Posted using Partiko iOS
This contest will be decided on the day I celebrate my first year on Steemit (17th December)!!
I hope I will have a present for you then..
Me too! :D
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