Crypto Contest April 17: Sovryn
Sovryn (CRYPTO: SOVUSD) 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, SOV began a red wave one advance on December 23, 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on March 20 this year and the red wave two (blue sub-waves a-b-c) correction ended on April 9. If this wave count is correct, SOV should be heading next towards the March 20 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Sovryn is a non-custodial and permissionless smart contract-based system for Bitcoin lending, borrowing and margin trading. Crypto Club reviewed the project one week ago.
(Sources: https://sovryn.com/)
How Will Sovryn Trade?
Sovryn (CRYPTO: SOVUSD) 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
SOV will takeout the March 20 peak
SOV will drop below the March 11 low
SOV will stay in a trading range between the March 11 low and the March 20 peak until May 23
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SOV will stay in a trading range between the March 11 low and the March 20 peak until May 23
SOV will takeout the March 20 peak
SOV will drop below the March 11 low
Correct. Upvoted your post:
https://hive.blog/hive-167922/@femcy-willcy/change-your-financial-status-by-saving-and-investing
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SOV will drop below the March 11 low
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Correct. Upvoted your post:
https://hive.blog/waivio/@shturm/a-stump-just-an-old-stump
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SOV will takeout the March 20 peak
Posted Using LeoFinance Beta
SOV will stay in a trading range between the March 11 low and the March 20 peak until May 23
SOV will drop below the March 11 low
Correct. Upvoted your post:
https://hive.blog/deutsch/@monsterbuster/monsterbuster-s-risingstar-block-nr-27895717bae3
Posted Using LeoFinance Beta
SOV will stay in a trading range between the March 11 low and the March 20 peak until May 23
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You Earned 0.100 WINEX As Curation Reward.
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!HUG
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SOV will stay in a trading range between the March 11 low and the March 20 peak until May 23
Posted Using LeoFinance Beta
SOV will takeout the March 20 peak
SOV will stay in a trading range between the March 11 low and the March 20 peak until May 23
SOV will takeout the March 20 peak
SOV will stay in a trading range between the March 11 low and the March 20 peak until May 23
SOV will drop below the March 11 low
Correct. Upvoted your post:
https://hive.blog/hive-138975/@tht/move-live-healthy
Posted Using LeoFinance Beta
SOV will stay in a trading range between the March 11 low and the March 20 peak until May 23
SOV will takeout the March 20 peak