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Crypto Contest February 27: Wen

maarnio - 2024-02-27 11:17:33

Wen (MEXC: WENUSDT) has broken out of the triangle pattern in the four-hour chart.
https://i.postimg.cc/2S5T7vPX/Nimet-n.png
(Chart courtesy of Tradingview.com(log scale))


Elliott Wave Analysis


In Elliott Wave terms, WEN began a red wave one advance on February 7. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 14 and the red wave two (blue sub-waves a-b-c) correction ended on February 26. If this wave count is correct, WEN should be heading next towards the February 14 peak in the red wave three.
https://i.postimg.cc/nrR2yhm1/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))


Funnymentals


Wen is immortalizing wen culture with the cutest cat in web3. Crypto ZX reviewed the project two weeks ago.



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


How Will Wen Trade?


Wen (MEXC: WENUSDT) four-hour chart by Tradingview.
https://i.postimg.cc/9XPr53j5/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


WEN will takeout the February 14 peak


WEN will drop below the February 7 low


WEN will stay in a trading range between the February 7 low and the February 14 peak until April 3