Crypto Contest November 19: Wings DAO
Wings DAO (WINGSUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Wings DAO began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on November 12. If this wave count is correct, Wings DAO should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can see the sub-waves even better in the line chart.
(Chart courtesy of Tradingview.com)
Zooming out in the daily chart, I believe Wings DAO is currently in the red wave three (blue sub-wave iii). The red wave two ended on July 16.
(Chart courtesy of Tradingview.com)
Funnymentals
Wings DAO has been explained by the Swiss Foundation as:
Decentralized applications for Blockchain-based evaluation, funding and early adopter engagement.
(Source: https://wingsfoundation.ch/)
If you think this analysis is correct, upvote this post and upvote the comment "Wings DAO will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Wings DAO will drop below the July 16 low".
If you think Wings DAO is in a range, upvote this post and upvote the comment "Wings DAO will stay in a trading range between the July 16 low and the September 1 peak until December 20".
You can upvote the comment until 3 PM EST November 20 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).
Wings DAO will stay in a trading range between the July 16 low and the September 1 peak until December 20 (22 voters as of 3 PM EST November 20: helikopterben, twinner, miniature-tiger, flemingfarm, simonjay, crokkon, architrader, lucasgabd, misalen, abh12345, tzap90, starline, coolthings, mirda, ahinga, carlosdaniel, richard78624, andy23, ragnaros, amfid4846, incrediblesnow, koskl).
Wings DAO will takeout the September 1 peak (18 voters as of 3 PM EST November 20: bleujay, bentleycapital, ace108, eirik, reconnectnature, catena, themovieplace, mprgrmmr, komischername, digitalking, mihail.tsvetkov, kanoe, me-do, allmonitors, orelmely, margaritaradkova, sallysmith, qmarpot).
You won.
Wings DAO will drop below the July 16 low (3 voters as of 3 PM EST November 20: gregory-f, cassidyandfranks, heidelbaer).
Going with the long shot these last two days. Small chance of being right, but big rewards if correct.
Let's see if you get any company.
It had its highest ever on 7th June. I join the pessimism ;)
img credz: pixabay.com
Nice, you got a 76.0% @midnas-howler upgoat, thanks to @maarnio
It consists of $3.32 vote and $1.11 curation
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