Crypto Contest August 28: Orderly Network
Orderly Network (Gate.io: ORDERUSDT) 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, ORDER began a red wave one advance on August 26. The red wave one peaked on August 26 and the red wave two (blue sub-waves a-b-c) correction ended on August 27. If this wave count is correct, ORDER should be heading next towards the August 26 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Orderly Network is an L2 built on OP stack delivering a permissionless liquidity layer for Web3 trading, with one shared orderbook across different blockchains — powered by Orderly Chain and LayerZero. You can watch their explainer video below.
(Sources: https://orderly.network/)
How Will Orderly Network Trade?
Orderly Network (Gate.io: ORDERUSDT) four-hour 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
ORDER will takeout the August 26 peak
ORDER will drop below the August 26 low
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will takeout the August 26 peak
Cheers!
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will takeout the August 26 peak
ORDER will drop below the August 26 low
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will takeout the August 26 peak
ORDER will drop below the August 26 low
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will drop below the August 26 low
!BEER
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
!BEER
!BBH
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ORDER will drop below the August 26 low
ORDER will drop below the August 26 low
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3
ORDER will drop below the August 26 low
ORDER will drop below the August 26 low
ORDER will drop below the August 26 low
ORDER will stay in a trading range between the August 26 low and the August 26 peak until October 3