Crypto Contest February 29: Shadow Token

Shadow Token (CoinEx: SHDWUSD) 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, SHDW began a red wave one advance on November 22, 2023. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on December 13, 2023 and the red wave two (blue sub-waves a-b-c) correction ended on February 5 this year. If this wave count is correct, SHDW should be heading next towards the December 13, 2023 peak in the red wave three.

(Chart courtesy of Tradingview.com(log scale))

Funnymentals

SHDW is the utility token that powers the Shadow dePIN ecosystem providing decentralized storage, compute, and network orchestration to its users. InvestAnswers reviewed the project two months ago.

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

How Will Shadow Token Trade?

Shadow Token (CoinEx: SHDWUSD) 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

SHDW will takeout the December 13 peak

SHDW will drop below the November 22 low

SHDW will stay in a trading range between the November 22 low and the December 13 peak until April 5

Posted Using InLeo Alpha