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Crypto Contest March 11: Welshcorgicoin

maarnio - 2024-03-11 13:03:45

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


Elliott Wave Analysis


In Elliott Wave terms, WELSH began a red wave one advance on February 6. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 4 and the red wave two (blue sub-waves a-b-c) correction ended on March 10. If this wave count is correct, WELSH should be heading next towards the March 4 peak in the red wave three.
https://i.postimg.cc/qqBV9WWD/nimet-n2.png
(Chart courtesy of Tradingview.com(log scale))


Funnymentals


Welshcorgicoin is the first memecoin built on Bitcoin using Stacks (STX) blockchain. The Crypto Report reviewed the project one week ago.



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


How Will Welshcorgicoin Trade?


Welshcorgicoin (MEXC: WELSHUSDT) daily chart by Tradingview.
https://i.postimg.cc/DzjGNpBv/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


WELSH will takeout the March 4 peak


WELSH will drop below the February 6 low


WELSH will stay in a trading range between the February 6 low and the March 4 peak until April 16