Crypto Contest December 10: Spell Token
Spell Token (CoinMarketCap: SPELLUSD) has broken out of the triangle pattern in the line chart.
(Chart courtesy of CoinMarketCap.com)
Elliott Wave Analysis
In Elliott Wave terms, SPELL began a red wave one advance on August 17. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 3 and the red wave two (blue sub-waves a-b-c) correction ended on December 4. If this wave count is correct, SPELL should be heading next towards the November 3 peak in the red wave three.
(Chart courtesy of CoinMarketCap.com)
Funnymentals
Abracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral. SPELL is its token, used for incentivization as well as voting right when staked. The Brutal Investor reviewed the project earlier today.
(Sources: https://abracadabra.money/)How Will Spell Token Trade?
Spell Token (CoinMarketCap: SPELLUSD) line chart by CoinMarketCap.
(Chart courtesy of CoinMarketCap.com)
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.
SPELL will takeout the November 3 peak
SPELL will drop below the August 17 low
SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17
SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17
Correct. Upvoted your post:
https://steemit.com/steemit/@simonjay/daily-steem-price-update-16-1-2022
SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17
Correct.
SPELL will takeout the November 3 peak
SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17
Correct.
SPELL will takeout the November 3 peak
SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17
Correct. Upvoted your post:
https://steemit.com/hive-185836/@ace108/walking-around-clarke-quay-or-by-ace108
Thank you
You are welcome.
SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17
!shop
Correct. Upvoted your post:
https://steemit.com/hive-152200/@eii/mylandscapephotography-17-01-2022
!shop
SPELL will drop below the August 17 low
SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17
Correct.
SPELL will stay in a trading range between the August 17 low and the November 3 peak until January 17
Correct. Upvoted your post:
https://steemit.com/goldenhourphotography/@bonp/goldenhourphotography-sunset-111