Crypto Contest January 19: Dogwifhat

dogwifhat (MEXC: WIFUSDT) 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, WIF began a red wave one advance on January 8. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 15 and the red wave two (blue sub-waves a-b-c) correction ended on January 16. If this wave count is correct, WIF should be heading next towards the January 18 peak in the red wave three (blue sub-wave iii).

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

Funnymentals

dogwifhat is a memecoin in Solana. Cryptolution reviewed the project two days ago.

(Sources: https://dogwifcoin.org/)

How Will dogwifhat Trade?

dogwifhat (MEXC: WIFUSDT) 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

WIF will takeout the January 18 peak

WIF will drop below the January 16 low

WIF will stay in a trading range between the January 16 low and the January 18 peak until February 24

Posted Using InLeo Alpha