Crypto Contest August 29: THORSwap

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THORSwap (CoinEx: THORUSDT) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, THOR began a red wave one advance in June 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in November 2023 and the red wave two (blue sub-waves a-b-c) correction ended on August 5 this year. If this wave count is correct, THOR should be heading next towards the November 2023 peak in the red wave three.

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

Funnymentals

THORSwap is a multi-chain DEX aggregator built on THORChain's cross-chain liquidity protocol and the flagship interface for all THORChain services. Crypto Explorer reviewed the project one month ago.

(Sources: https://www.thorswap.finance/)

How Will THORSwap Trade?

THORSwap (CoinEx: THORUSDT) 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

THOR will takeout the March 26 peak

THOR will drop below the August 5 low

THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

Posted Using InLeo Alpha

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22 comments
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THOR will takeout the March 26 peak

Cheers!

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THOR will takeout the March 26 peak

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THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

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THOR will drop below the August 5 low

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THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

!BEER
!BBH
!WINE

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@maarnio! @eii likes your content! so I just sent 1 BBH to your account on behalf of @eii. (1/5)

(html comment removed: )

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THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

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THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4
!BEER

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THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

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0.000
Reply
avatar

THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

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0.000
Reply
avatar

THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

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0
0.000
Reply
avatar

THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

0
0
0.000
Reply
avatar

THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

0
0
0.000
Reply
avatar

THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

0
0
0.000
Reply
avatar

THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

0
0
0.000
Reply
avatar

THOR will stay in a trading range between the August 5 low and the March 26 peak until October 4

0
0
0.000
Reply