Crypto Contest February 20: Defactor

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Defactor (MEXC: FACTRUSDT) 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, FACTR began a red wave one advance on October 15, 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 22, 2023 and the red wave two (blue sub-waves a-b-c) correction ended on January 23 this year. If this wave count is correct, FACTR should be heading next towards the November 22 peak in the red wave three.

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

Funnymentals

Defactor is a platform that will be expediting the onboarding process for real world assets in DeFi. You can watch their latest podcast below.

(Sources: https://www.defactor.com/)

How Will Defactor Trade?

Defactor (MEXC: FACTRUSDT) 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

FACTR will takeout the November 22 peak

FACTR will drop below the October 15 low

FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

Posted Using InLeo Alpha

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42 comments
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FACTR will takeout the November 22 peak

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27
!PGM
!PIZZA

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO - 0.005 SCRAP - 0.001 INK tokens

remaining commands 12

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

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FACTR will drop below the October 15 low

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

!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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!LOLZ
!LUV
!PIZZA

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

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FACTR will stay in a trading range between the October 15 low and the November 22 peak until March 27

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0.000
Reply