Crypto Contest October 28: Vesper Finance
Vesper Finance (Poloniex: VSPUSDT) 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, VSP began a red wave one advance on July 20. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on September 7 and the red wave two (blue sub-waves a-b-c) correction ended on October 12. If this wave count is correct, VSP should be heading next towards the September 7 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Vesper is a platform for "easy-to-use" DeFi products. Donald Lee reviewed the project three weeks ago.
(Sources: https://vesper.finance/)How Will Vesper Finance Trade?
Vesper Finance (Poloniex: VSPUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25 (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.
VSP will takeout the September 7 peak
VSP will drop below the July 20 low
VSP will stay in a trading range between the July 20 low and the September 7 peak until December 5
VSP will drop below the July 20 low
Correct. Upvoted your post:
https://steemit.com/steemit/@simonjay/daily-steem-price-update-4-12-2021
VSP will stay in a trading range between the July 20 low and the Sep 7 peak until Dec 5
VSP will takeout the September 7 peak
VSP will drop below the July 20 low
Correct.
VSP will drop below the July 20 low
Correct.
VSP will takeout the September 7 peak
VSP will drop below the July 20 low
Correct.
VSP will drop below the July 20 low
Correct.
VSP will stay in a trading range between the July 20 low and the September 7 peak until December 5
VSP will drop below the July 20 low
Correct.