Crypto Contest November 18: Swell Network

Swell Network (Bybit: SWELLUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, SWELL began a red wave one advance on November 7. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 9 and the red wave two (blue sub-waves a-b-c) correction ended on November 13. If this wave count is correct, SWELL should be heading next towards the November 9 peak in the red wave three.

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

Funnymentals

Swell Network emerges as a decentralized, non-custodial liquid staking protocol, focusing on enhancing the user experience within the decentralized finance (DEFI) ecosystem. Token Galaxy reviewed the project one week ago.

(Sources: https://www.swellnetwork.io/)

How Will Swell Network Trade?

Swell Network (Bybit: SWELLUSDT) four-hour 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

SWELL will takeout the November 9 peak

SWELL will drop below the November 7 low

SWELL will stay in a trading range between the November 7 low and the November 9 peak until December 24

Posted Using InLeo Alpha