Posts

Crypto Contest July 26: DMD

avatar of @maarnio
25
Markus Aarnio
@maarnio
·
·
0 views
·
1 min read

DMD (OKX: DMDUSDT) 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, DMD began a red wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 1 and the red wave two (blue sub-waves a-b-c) correction ended on June 19. If this wave count is correct, DMD should be heading next towards the June 1 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

Dmd.finance is described to be a yield farming project on EOS, which shows its respect to YFI. You can find their FAQ here. (Sources: https://dmd.finance/)

How Will DMD Trade?

DMD (OKX: DMDUSDT) 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.

DMD will takeout the June 1 peak

DMD will drop below the May 12 low

DMD will stay in a trading range between the May 12 low and the June 1 peak until September 1

Posted Using LeoFinance Beta