Crypto Contest September 27: Kwenta

Kwenta (CRYPTO: KWENTAUSD) 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, KWENTA began a red wave one advance on August 5. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on September 11 and the red wave two (blue sub-waves a-b-c) correction ended on September 26. If this wave count is correct, KWENTA should be heading next towards the September 11 peak in the red wave three.

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

Funnymentals

Kwenta is a decentralized derivatives trading platform, live on Optimism, offering real-world and on-chain synthetic assets using the power of the Synthetix protocol. Brave New Coin interviewed the marketing lead at Kwenta one month ago.

(Sources: https://kwenta.eth.limo/)

How Will Kwenta Trade?

Kwenta (CRYPTO: KWENTAUSD) 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

KWENTA will takeout the September 11 peak

KWENTA will drop below the August 5 low

KWENTA will stay in a trading range between the August 5 low and the September 11 peak until November 2

Posted Using InLeo Alpha