Crypto Contest July 20: Nile

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Nile (Nile: NILEUSD) has broken out of the triangle pattern in the daily chart.
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(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, NILE began a red wave one advance on March 21. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 8 and the red wave two (blue sub-waves a-b-c) correction ended on July 14. If this wave count is correct, NILE should be heading next towards the April 8 peak in the red wave three.
image.png
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Nile is the "#1" DEX on Linea. You can find their stats here.

(Sources: https://www.nile.build/)

How Will Nile Trade?

Nile (Nile: NILEUSD) daily chart by Tradingview.
image.png
(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

NILE will takeout the April 8 peak

NILE will drop below the March 21 low

NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

Posted Using InLeo Alpha

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53 comments
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NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

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NILE will takeout the April 8 peak

Anything can happen!

Cheers, Bleujay

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NILE will drop below the March 21 low

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NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

!BEER
!BBH
!WINE

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Correct. Upvoted your post:
https://hive.blog/mydailycolor/@eii/mydailycolor-25082024
!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. (3/5)

(html comment removed: )

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NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25
!BEER

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!BEER

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NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

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NILE will takeout the April 8 peak

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Reply
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NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

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0.000
Reply
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NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

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0
0.000
Reply
avatar

NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

0
0
0.000
Reply
avatar

NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

0
0
0.000
Reply
avatar

NILE will stay in a trading range between the March 21 low and the April 8 peak until August 25

0
0
0.000
Reply