Crypto Contest November 6: CoW Protocol

CoW Protocol (CoinEx: COWUSDT) 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, COW began a red wave one advance in November 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in February 2024 and the red wave two (blue sub-waves a-b-c) correction ended in August 2024. If this wave count is correct, COW should be heading next towards the February 2024 peak in the red wave three.

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

Funnymentals

CoW Protocol stands as a decentralized finance innovation, operating on the Ethereum Mainnet, designed to optimize trading outcomes for its users through a unique combination of strategies. Jesse Eckel reviewed the project two months ago.

(Sources: https://cow.fi/)

How Will CoW Protocol Trade?

CoW Protocol (CoinEx: COWUSDT) weekly 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

COW will takeout the February peak

COW will drop below the August low

COW will stay in a trading range between the August low and the February peak until December 12

Posted Using InLeo Alpha