Crypto Contest July 17: Orca

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Orca (Coinbase: ORCAUSD) 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, ORCA began a red wave one advance in November 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in January this year and the red wave two (blue sub-waves a-b-c) correction ended on June 10. If this wave count is correct, ORCA should be heading next towards the January peak in the red wave three.

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

Funnymentals

Orca is one of the first general-purpose AMMs launched on Solana. You can find their stats below.

(Sources: https://www.orca.so/)

How Will Orca Trade?

Orca (Coinbase: ORCAUSD) 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

ORCA will takeout the January 2023 peak

ORCA will drop below the November 2022 low

ORCA will stay in a trading range between the November 2022 low and the January 2023 peak until August 22

Posted Using LeoFinance Alpha

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52 comments
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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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ORCA will stay in a trading range between the November 2022 low and the January 2023 peak until August 22

!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. (2/5)

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!WINE

!LOLZ
!LUV
!PIZZA

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(Edited)

PIZZA!

$PIZZA slices delivered:
maarnio tipped eii
@maarnio(2/5) tipped @roninrelax
eii tipped maarnio
roninrelax tipped maarnio

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ORCA will drop below the November 2022 low
!ALIVE
!PIZZA
!LOLZ
!CTP

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@maarnio! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @roninrelax. (5/10)

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!ALIVE
!PIZZA
!LOLZ
!CTP

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@maarnio, sorry! You need more $ALIVE staked to use this command.

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ORCA will stay in a trading range between the November 2022 low and the January 2023 peak until August 22

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ORCA will stay in a trading range between the November 2022 low and the January 2023 peak until August 22

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