Crypto Contest May 18: Flashstake

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Flashstake (Uniswap: FLASHUSD) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, FLASH began a red wave one advance on September 1, 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 14 this year and the red wave two (blue sub-waves a-b-c) correction ended on May 8. If this wave count is correct, FLASH should be heading next towards the April 14 peak in the red wave three.

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

Funnymentals

The Flashstake protocol is a novel financial infrastructure that allows users to receive instant yield on deposited assets by locking up principal for a chosen duration. DeFi Trader reviewed the project four weeks ago.

(Sources: https://flashstake.io/)

How Will Flashstake Trade?

Flashstake (Uniswap: FLASHUSD) 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

FLASH will takeout the April 14 peak

FLASH will drop below the March 10 low

FLASH will stay in a trading range between the March 10 low and the April 14 peak until June 23

Posted Using LeoFinance Alpha



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52 comments
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FLASH will takeout the April 14 peak

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I would have to pick "FLASH will takeout the April 14 peak"

it looks like it has a lot of momentum and sometimes newer asset havent found price discovery yet and have tons of room for upside potential.

Pesonally never even heard of this project til I saw your posts about it :)

Also as a thank you for using our new front end we will curate this post and reward you with some IceBreak! We appreciate you using our tag #BRK and everyone is welcome to use it as long as their content is crypto related.

Posted using IceBreak

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FLASH will takeout the April 14 peak

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FLASH will stay in a trading range between the March 10 low and the April 14 peak until June 23

!BEER
!BBH
!WINE

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@maarnio! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @eii. (1/5)

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!BEER
!BBH
!WINE

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!WINE
!LOLZ
!LUV
!PIZZA

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!WINE
!HUG

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!WINE
!HUG

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FLASH will drop below the March 10 low
!WINE

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FLASH will stay in a trading range between the March 10 low and the April 14 peak until June 23

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FLASH will drop below the March 10 low

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FLASH will drop below the March 10 low

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