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Crypto Contest July 4: DODO

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Markus Aarnio
@maarnio
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DODO (Binance: DODOUSDT) 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, DODO began a red wave one advance on June 18. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on June 26 and the red wave two (blue sub-waves a-b-c) correction ended on June 30. If this wave count is correct, DODO should be heading next towards the June 26 peak in the red wave three. (Chart courtesy of Tradingview.com(log scale))

Funnymentals

DODO is a DeFi protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM). Kalkine Media reviewed the project one month ago.

(Sources: https://dodoex.io/)

How Will DODO Trade?

DODO (Binance: DODOUSDT) four-hour 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.

DODO will takeout the June 26 peak

DODO will drop below the June 18 low

DODO will stay in a trading range between the June 18 low and the June 26 peak until August 10

Posted Using LeoFinance Beta