Crypto Contest May 12: BENQI

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BENQI (Binance: QIUSDT) 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, QI began a red wave one advance in October 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March this year and the red wave two (blue sub-waves a-b-c) correction ended on May 1. If this wave count is correct, QI should be heading next towards the March peak in the red wave three.

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

Funnymentals

BENQI is a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The Web3 Chase reviewed the project three months ago.

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

How Will BENQI Trade?

BENQI (Binance: QIUSDT) 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

QI will takeout the March 2024 peak

QI will drop below the October 2023 low

QI will stay in a trading range between the October 2023 low and the March 2024 peak until June 17

Posted Using InLeo Alpha

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44 comments
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QI will stay in a trading range between the October 2023 low and the March 2024 peak until June 17

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QI will drop below the October 2023 low

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QI will stay in a trading range between the October 2023 low and the March 2024 peak until June 17

!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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Correct. Upvoted your post:
https://hive.blog/mynaturalgarden/@eii/mynaturalgarden-17062024
!BEER
!BBH
!WINE

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Thank you

!LOLZ
!LUV
!PIZZA

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QI will takeout the March 2024 peak

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QI will stay in a trading range between the October 2023 low and the March 2024 peak until June 17

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0.000
Reply
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QI will stay in a trading range between the October 2023 low and the March 2024 peak until June 17

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0
0.000
Reply
avatar

QI will takeout the March 2024 peak

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0.000
Reply
avatar

QI will stay in a trading range between the October 2023 low and the March 2024 peak until June 17

0
0
0.000
Reply
avatar

QI will stay in a trading range between the October 2023 low and the March 2024 peak until June 17

0
0
0.000
Reply