Crypto Contest January 28: Decentralized Social

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Decentralized Social (Coinbase: DESOUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of scale))

Elliott Wave Analysis

In Elliott Wave terms, DESO began a red wave one advance on January 22. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on January 24 and the red wave two (blue sub-waves a-b-c) correction ended on January 27. If this wave count is correct, DESO should be heading next towards the January 24 peak in the red wave three.

(Chart courtesy of scale))


DeSo is a blockchain designed to power Web 3.0 decentralized social networks. Kalkine Media reviewed the project last month.


How Will Decentralized Social Trade?

Decentralized Social (Coinbase: DESOUSD) four-hour chart by Tradingview.

(Chart courtesy of scale))


I will be giving upvotes to the correct answers (posts only).


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.

DESO will takeout the January 24 peak

DESO will drop below the January 22 low

DESO will stay in a trading range between the January 22 low and the January 24 peak until March 7