Crypto Contest September 11: Moonwell

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Moonwell (KuCoin: WELLUSDT) 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, WELL began a red wave one advance on February 1. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 27 and the red wave two (blue sub-waves a-b-c) correction ended on August 5. If this wave count is correct, WELL should be heading next towards the March 27 peak in the red wave three.

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

Funnymentals

Moonwell is an open lending and borrowing protocol on Base, Moonbeam, and Moonriver. Honest Crypto Insights reviewed the project three days ago.

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

How Will Moonwell Trade?

Moonwell (KuCoin: WELLUSDT) 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

WELL will takeout the June 6 peak

WELL will drop below the August 5 low

WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

Posted Using InLeo Alpha

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21 comments
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WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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WELL will drop below the August 5 low

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Congratulations @maarnio! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

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WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

!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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WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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WELL will drop below the August 5 low
!BEER

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WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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0.000
Reply
avatar

WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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0
0.000
Reply
avatar

WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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0
0.000
Reply
avatar

WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

0
0
0.000
Reply
avatar

WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

0
0
0.000
Reply
avatar

WELL will stay in a trading range between the August 5 low and the June 6 peak until October 17

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0
0.000
Reply