Crypto Contest November 12: WePower

WePower (WPRUSD) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, WePower began a wave one advance on October 11. The red wave one finished on October 15, and the red wave two correction ended on October 25. The blue sub-wave wave one finished on October 31, and the blue sub-wave two correction ended on November 6. If this wave count is correct, WePower should be heading next towards the October 31 peak in the red wave three (blue sub-wave iii).

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

Looking at the daily chart, I believe WePower is currently in the red wave three (blue sub-wave iii). The red wave three began on October 11.

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

Funnymentals

WePower is a blockchain-based green energy trading platform. You can view their latest AMA from November below.

(Sources: https://wepower.network/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will takeout the July peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will drop below the September low".

If you think WePower is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "WePower will stay in a trading range between the September low and the July peak until December 17".

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

You can upvote the comment until 3 PM EST November 15 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus 1

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.