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Crypto Contest April 7: Moon Tropica

maarnio - 2024-04-07 14:01:03

Moon Tropica (Uniswap: CAHUSDT) has broken out of the triangle pattern in the daily chart.
https://i.postimg.cc/1t6LPX1h/Nimet-n.png
(Chart courtesy of Tradingview.com(log scale))


Elliott Wave Analysis


In Elliott Wave terms, CAH began a red wave one advance on November 25, 2023. The red wave one peaked on December 17, 2023 and the red wave two correction ended on January 9 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on March 15 and the red wave four correction ended on March 31. If this wave count is correct, CAH should be heading next towards the March 15 peak in the red wave five.
https://i.postimg.cc/Hs6Jgsth/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))


Funnymentals


Moon Tropica is inspired by our nostalgia from the games of our childhood and driven by the demands of the gaming industry today with an infusion of crypto current events and meme culture. The Value Thinker reviewed the project two weeks ago.



(Sources: https://moontropica.com/)


How Will Moon Tropica Trade?


Moon Tropica (Uniswap: CAHUSDT) daily chart by Tradingview.
https://i.postimg.cc/c4DqZ652/nimet-n3.png
(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


CAH will takeout the March 15 peak


CAH will drop below the March 5 low


CAH will stay in a trading range between the March 5 low and the March 15 peak until May 13